The bet of the Def: 56 billion investment per year in more – The Republic

MILAN – Past the momentum of exports and domestic consumption, it is the high time to pull the Italian growth are the investments. And ‘one of the many issues that arise at the document reading economics and finance fired Friday night from the Renzi government. A chapter of the National Reform Programme, which is to go to Brussels together with macro estimates for Italy, it is in fact dedicated to competitiveness and investments, which are referred to as “the priorities for growth.”

So here l ‘ indication to which aspires Economy Minister Pier Carlo Padoan, “gross fixed capital formation in 2015 increased by 0.8 percent in real terms. the public investment component grew by 1.0 percent. This is an important trend after years of contraction reversal signal, “notes the Def. “However, to return to a more sustained economic growth is necessary that the ratio of investment to GDP, which reached a minimum of 16.5 per cent in 2015, goes back over the next few years to 20 percent, which was made in the period pre-crisis “. In a nutshell, 3.5 percentage points of the product means aiming to mobilize 56 billion investment in more.

public finance indicators (% of GDP)

	2014	2015	2016	2017	2018	2019
net debt	-3	– 2.6	2.3	1.8	0.9	0.1
primary balance	1.6	1.6	1.7	2.0	2.7	3.6
Interest	4.6	4.2	4.0	3.8	3.6	3.5
structural net debt	0.8	-0, 6	1.2	1.1	0.8	0.2
structural Change	0.1	0.2	0.7	0.1	0.3	0.6
public debt ( gross support)	132.5	132.7	132.4	130.9	128.0	123.8
public debt (net support)	128.8	129.1	129.0	127.5	124.7	120.6

If you look at the tables of the macroeconomic policy framework, in fact, the investment item is one of those that become more important acceleration protagonists: investments they were in fact seen a 0.8% growth in 2015, then increased by 2.2% this year and then around 3% in the years to come. How had somehow anticipated Padoan, the lens of the government is focusing on the theme. A box dedicated to the measures of the “Financial package for growth” explains their impact on the Italian economy. It ranges from what has been done in the recent past, with assistance on innovation, investment incentives (New Sabatini), the super-depreciation, the mini-bonds and support for forms of financing for SMEs, the proposals for the future.

“the results of the simulation” carried out by the technicians “show that the positive effects of these measures result, already in 2020, for more investments by 0.6 percent and in higher volumes by 0.2 percent. in the long run, investments rose by 3.3 percent, compared to the baseline scenario, and the GDP grows by 1.0 percent. ” Then move to ideas for the future, with the second package: “The Government intends to introduce a new package of measures to further develop the guiding policy accrued as part of the ‘Finance for growth’, strengthening existing instruments or introducing new ones in order to consolidate the positive trend in investment took place in 2015 “, to be adopted during 2016, probably already by May.

Topics:

Def 2016

investment

GDP

Starring: