Maneuver, the “nest egg” of the GDP on the rise does not change the situation. The government must find 21 billion
The government Melons will find out today whether or not there will be a “nest egg” to spend for the next financial maneuver. The Prime Minister has chosen to postpone until the end of the month the sending of the Structural Plan to Brussels, precisely in light of this new data which could be seen on the upside. This morning, with the revision of the level of gross domestic product from 2021 onwards, communicated by Istat, – reports Il Corriere della Sera – a bit of the fog will begin to lift on What is possible and what is not in the Budget Law imminent. The statistical institute, almost simultaneously with its counterparts in the entire European Union – each for its own country – will announce that Italy’s gross domestic product is recalculated upwards: about twenty billion more in the base year 2021 and in the following ones, therefore it is foreseeable that the Bank of Italy in about a month will estimate a public debt a little lower – compared to GDP – than the 137.8% that for example the government had indicated for 2024 in the latest Economic and Financial Document.
The government, through the Minister of Economy Giancarlo Georgettewas clear with the Commission: these quantities – continues Il Corriere – I’m not in question and Italy the will respecteven if it has not yet communicated much to Brussels on the merits of the measures to achieve this. But just as the GDP revision cannot provide much help to the maneuver (despite the rumors that have been circulating in Rome for weeks), equally it is unlikely that a real contribution to the maneuver will come from some form of tax on the “extra profits” of banks or other large companies. Even the preventive tax agreement should bring a contribution of at least two or three billion, although it is associated with a blanket pardon on the past of those who join. Overall, the government today seems to be able to count on about ten billion of structural resources to finance the maneuver. The basic point is that the government must permanently finance 10.79 billion in tax wedge cuts (at 2024 values) plus other one-offs estimated by the Parliamentary Budget Office for a total cost from 2025 of about 21 billion.
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