Thursday, August 18, 2016

Maneuver, MEF: circulated figures and assumptions unsubstantiated – Il Sole 24 Ore

“are circulating these days in the media rumors about the maneuver, on public accounts, the government will launch in October with the next budget law. These are hypotheses and figures unsubstantiated. It is absolutely premature to speculate now. ” This was written by the Ministry in a statement, in which it is stressed that “the measures will depend on the new public finance objectives contained in the Update to the Economic and Financial Document (Def), which will be submitted by 20 September, and political decisions that the government will take later. “



on maneuver premature figures but will be decisive EU flexibility

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to boost investments, assumptions maneuver from 30 billion
How motivated today on the Sole 24 Ore, therefore, on the maneuver figures are premature. But it is possible that eventually reaches quota 30 billion, as indicated rumors circulating yesterday. Much will depend on “negotiations” with Brussels to get some flexibility over and pack a strongly geared towards growth maneuver to avoid the VAT increase, intervene on pensions and productivity. And in this spirit moves the pact on investment announced by Transport Minister Graziano Delrio: “It’s a deal that was made with President Renzi, Minister Padoan and the Accounting Office to say that every time there is a concrete investment and that can be realized – said the minister – will not be the cash limits determine the hang of this investment. “



boost to growth with investment “free” by the cash constraints

The goal is to also continue to attract private investment in addition to the funds released by the last meeting of the CIPE (40 billion all, considering the funds for the South). The top priority of the government is the growth, as pointed out by Economy Minister Pier Carlo Padoan in his interview with Il Sole 24 Ore. So the challenge facing the Government is to identify with the next budget law the right mix of interventions designed to support domestic demand, operating on two parallel sources of funding: a new dose of flexibility to be agreed with Brussels, so as to obtain spaces Additional maneuver on the deficit in 2017 equal to 0.5-0.6% of GDP (from 8.5 to 10 billion) and a spending review that raise the bar of selective spending cuts for another 10-12 billion.



Superammortamenti, yards and productivity serves more EU flexibility

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