MILANO – The government insists on the line of the shock to the economy to overcome the pandemic, in the report to Parliament with which it asks for the new budget gap of 40 billion. A path parallel to that of the Def, approved yesterday by the Council of Ministers, which dictates the priorities of the next support intervention for businesses and families.
Green light to the Def, the 2021 GDP expected at + 4.5%. Ok to budget variance of 40 billion
“The risk of permanent damage to the productive fabric, as well as the effort required of some social and productive categories must be limited, in order to avoid the risk of not being able to recover the product levels prior to the crisis. It therefore appears necessary to supply to the companies most affected by the crisis, further support, both through the coverage of some fixed costs, and by favoring access to liquidity and strengthening the incentives for recapitalization. In the opinion of the government, this is the phase in which it is necessary to give the most decisive push to the economy and to support more vigorously the most affected sections of the population, such as young people and women “, reads the report signed by Draghi-Franco.
Young people and first homes, tax relief on upcoming mortgages with the next Sostegni decree
With the next decree, it is detailed, “the support interventions to the affected companies will continue and will be strengthened and measures to reduce fixed costs and interventions aimed at favoring credit and the granting of liquidity will be envisaged. Further interventions will be envisaged for workers and families. in conditions of greater hardship, as well as new measures in favor of young people, the most vulnerable and local transport “.
In the press conference, Prime Minister Mario Draghi explained that “the Mef is thinking of adding a criterion that concerns the taxable profit, in addition to the turnover criterion, in order to see the subjects most affected by the pandemic. But you can’t have everything: with turnover, payments are a lot rapid, with other parameters the times are extended by 3-4 weeks “.
Meantime, the Revenue they took stock of the payments made for the latest Sostegni decree, 16 days after the opening of the channel: transfers are more than one million, for a total amount that exceeds 3 billion euros (3,045,127,656 euros). Compared to the total amount, approximately 625 million euros reached the operators of the wholesale and retail trade of motor vehicles and motorcycles, 608 million were allocated to accommodation and catering services, 336 million to manufacturing, 324 million to the construction sector. At the regional level, the most numerous payment orders were sent to Lombardy (about 173 thousand subjects who received the grant), followed by Lazio (108 thousand), Campania (103 thousand), Veneto (75 thousand) and Tuscany (74 thousand). . Among the other regions, Sicily (71 thousand), Emilia-Romagna (71 thousand), Puglia (70 thousand) and Piedmont (69 thousand) stand out.
What is the Def and why the government is asking for a budget shift
by Flavio Bini
Returning to the report on the gap, “the economic situation will tend to improve starting as early as the current quarter, also thanks to the results of the vaccinations that are being recorded in Italy’s trading partner countries. Nevertheless, the Government will evaluate any measures to be taken to the containment of the epidemic, based on the trend of infections, the results of the vaccination campaign and the therapies available “, explains the document. To which the premier added his assessments: “I expect that we will have a very strong rebound in the coming months and then we will have to settle on a path of growth that those who allow us to get out of the high debt, the high debt / GDP ratio”. Then he remarked: “The rebound is certain, it’s not sure how strong it will be”.
The Government believes “it is necessary that the strong stimulus to relaunch the economy that will be provided, in the medium term, by the National Recovery and Resilience Plan (Pnrr) is accompanied by immediate support and relaunching measures that anticipate the start of the recovery. experience of the third quarter of 2020 shows, in fact, that the rebound in GDP can be very strong as soon as the infections drop significantly and the social, economic and cultural life returns to normal.
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