The public debt re-emerges with arrogance in the government’s agenda. Reminded by the minister of Economy, Pier Carlo Padoan, summarizing the possible consequences of the correspondence between Rome and Brussels on the need of a surgical correction of the structural deficit of 0.2 percent of gross domestic Product. The Commission is concerned that the budget for 2017 deviates from the path of reduction of the ratio between debt and Gdp. The risk of the Italian government is the start of an infringement procedure. “A hypothesis is alarming that should be avoided,” Padoan, claiming that “Italy shows that the observance of the rules of the debt is ensured also in this round”. In the Senate hearing, the holder of the Economy recalls some of the measures and figures to silence the alert, taken with the rise of the spread to over 200. Padoan estimate for 2017, a reduction of the ratio of deficit-to-Gdp ratio to 2.1%, and those betw een debt and Gdp in the and 132.5%. Also expected a new round of privatisation, putting it on the market, Poste Italiane is Fs. In regard to the adjustment required by the Eu, the minister reminds us that it is “essential”, because an infringement procedure would result in a “likely increase in the rates of interest that are already feeling the effect of the increased instability at the european level”. A given returns the measure of how much this would weigh: in 2016, the interest expenditure was less than 17 billion euros compared to 2012. The merit of a condition out of the ordinary as the quantitative easing assured by the Ecb. Not surprisingly, the government may enact corrective measures before the end of April, in advance i.e. on the presentation of the Document of economy and finance.
A billion from tax evasion
The package of interventions that sums it up Padoan stressed that “it is not a manovrina but an adjustment with expansionary measures”. To achieve a reduction in net debt structural with respect to the value of trend equal to 0.2%, the government expects to obtain 0.05% by expenditure cuts and the remaining 0.15% of the Gdp through an increase in revenue, the excise tax, including, but without hitting the road, assures the minister. A billion should arrive from a further crackdown against tax evasion. A help will come with the extension, and the extension of the split payment, is the mechanism by which, in substance, the State pays the Vat due on invoices from its suppliers until 2020. Padoan has written a new letter to Brussels asking for the extension beyond 2017. And in view of the Budget law does not exclude the introduction of the web tax: “I Reaffirm the commitment to explore these channels and consider Airbnb, as a possible source of income that needs to be evaluated in the coming months”. On the upside of the spread to pronounce Giuseppe Pisauro, president of the parliamentary Office of the budget, explaining, however, that “to draw conclusions on the performance of public accounts in 2017, it seems to me really premature. It is certain that the increase of the differential between Italian government securities and German sounds like a bell, not to be overlooked. It reiterates the same Padoan: “The events of recent days remind us so mean as a Country with high debt is not can not deal with his drop-down”.
The reorganization of the State
The recipe of the executive is also based on improving the efficiency of the Public administration. One of the tiles is the step-change in the management of real estate assets, shown at the presentation of the results of the state property Agency. The institution headed by Roberto Reggi foresees the establishment of a plan of reorganization and renovation of public buildings for a value of 1.4 billion. The figures indicate 130 the interventions, among which 34 operations in order to concentrate and rationalize in the so-called federal building the headquarters of the Pa. A comfort to the action of the executive arrives in the meantime, the note monthly on the economy, respectively. The report indicates an improvement in the manufacturing sector and the purchasing power of families.
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7 February 2017 (changing the February 8, 2017 | 07:41)
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