Home » Management Festival, Superbonus protagonist. Tito Boeri: “Perverse operation”

Management Festival, Superbonus protagonist. Tito Boeri: “Perverse operation”

by admin
Management Festival, Superbonus protagonist.  Tito Boeri: “Perverse operation”

«A perverse operation of which the country will have to bear the weight for many years to come». The stability of the Italian public debt is threatened by the effects del Superbonus. The former president of INPS is convinced of this, Tito Boeriwhich he confronted Carlo Cottarelli al Festival del Management organized by Sima, at Bocconi in Milan, on the topic of the sustainability of Italian public finances. During the debate, moderated by Marco Zatterindeputy director of The print, Boeri explained that with the two Conte governments «a truly very heavy operation was carried out for the maintenance of public accounts. While, paradoxically, we were busy finding a way to spend the 200 billion euros that we largely borrowed from Europe with the Pnrr – the economist denounced – this ‘drain pump’ that took away from the State’s public accounts something like 140 billion. All this – warned Boeri – will clearly leave a very heavy legacy on us and will prevent us, in the future, from carrying out many of those operations that
would have been important.” «When we emerged from the pandemic – Boeri recalled – we were convinced that very profound reforms had to be made to the healthcare system, but instead of making these considerations we started this clearly perverse mechanism, because there is no system in the world that remunerates more than the costs supported at 110%, encouraging waste of all kinds, without any limit, and what could have been foreseen unfortunately happened”.

See also  Bread, price increases never stop: this is why prices are skyrocketing

According to Boeri, “the initial faults are attributed to the M5s, with the first and second Conte governments”, however “there were also those who could have intervened and did not do so, perhaps distracted by the Pnrr”. And this “is a problem that we will drag with us for a long time, preventing us from carrying out a real budget policy”. So much so that «it is estimated that every year, for several years, we will have 2-2.5% more spending, linked to
superbonus”. During his speech, Boers censored the method adopted by the Meloni government to reduce citizens’ income benefits. «It was – argued the former INPS president – an operation of impressive crudeness because in no other country in the world is it thought that all people of working age can be absorbed by the market and therefore deserve to be excluded from forms income support”. The intervention of Cottarelli he focused on the excessive weight of interest rates on government bonds. The former manager of Spending review he explained that «the strategy to reduce the debt is to carry out reforms to grow more because if GDP increases the debt decreases. We were not able to do this – Cottarelli regretted – because when Italy grows and the accounts improve the word treasure appears in the public debate and the debate begins on how to use it, for example by reducing taxes”. A sort of dog chasing its tail. Cottarelli thus invited us to take an example from Portugal, where they managed to reduce the debt “thanks to a spending review carried out year by year by sector”. Again Boeri, on the topic of privatisations, said he was in favour, explaining that “I see some partial as something that is there. The game of privatizations is that if you improve the performance of some companies by involving private individuals you have advantages on the public accounts. If instead you sell the companies, at that point the advantages on maintaining public accounts are smaller. You have to evaluate each case by chance. But when it comes to launching a privatization program, I don’t see any reason to raise barriers of any kind regardless.”

See also  How ECB rate of interest adjustments have an effect on actual property costs

Meanwhile, after the first day full of discussions on current issues such as artificial intelligence, environmental, social and economic sustainability and urban regeneration, the Festival del Management continues tomorrow with a series of events dedicated to female management, inclusiveness, gender gap and diversity. One way to deal with Women’s Day without rhetoric, deploying skills, testimonies and concrete resources in a qualified and productive debate. It will be the entrepreneurs, the leaders at the top of primary companies who will talk about the strategies and opportunities for real gender equality.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy