September 29, 2024 | 2.37pm
READING: 4 minutes
No tax increases though stop unproductive spending to finance – on the contrary – tax relief and measures for families and businesses; The Birth package with “transversal” interventionswings
“ from the single allowance, to leave to mothers’ bonus, among others; the additional resources for healthcare. In an interview with Adnkronos the undersecretary of the Mef Federico Freni outlines the government’s budget policy in view of the maneuver and a few days after the presentation of the Structural Budget Plan by the Minister of Economy Giancarlo Giorgetti.
CUT TAXES AND STOP WASTE. “There will be no need to raise taxes or proceed with indiscriminate cuts: the trajectory of net public spending is in line with the indications of the European Commission, as well as being fully sustainable for the entire duration of the commitment, until 2031″, underlines the undersecretary. “Whether to absorb the unproductive pockets of public spending – he urges – means making sacrifices, we are happy to make them because by cleaning up spending from harmful waste, we can obtain important resources to cut taxes and finance measures to support families and businesses”.
BONUS FOR MOTHERS, SINGLE ALLOWANCE, LEAVE AND NURSERY IN THE CHRISTMAS PACKAGE. “There birth rate is a priority of the Structural Budget Plan and therefore also of the next budget: the negative demographic trend is a mortgage on the future of the country. The interventions will be transversal, a support of families, especially large ones. So single allowance and parental leave, but also the reconfirmation of the bonus for working mothers and more nurseries”, says Freni.
HEALTH. “The government’s commitment to healthcare will be important and stable over time. We are committed to guaranteeing a growth in health expenditure higher than that of the net expenditure aggregate. Healthcare will therefore be able to count on additional resources which we will allocate, among other areas, to local assistance, supplementary healthcare and healthcare construction”.
AGREED IT’S NOT A LOTTERY, TRUST INCOME. “Membership of agreed biennial budget It’s not like buying a lottery ticket. It is a commitment that the taxpayer assumes before the Revenue Agency to improve his tax position”, says Freni. “It is a virtuous agreement – he continues – which ensures the State resources that it would not be able to recover in any other way and at the same time offers the taxpayer the possibility of complying with cases that have nothing to do with the profile of the serial tax evader. The level of revenue will obviously be linked to the membership rate. We are confident also because over time we have improved the attractiveness of this tool”.
3% DEFICIT/GDP GOODBYE AND ONGOING GROWTH. “We will be the government that will lead Italy to no longer fear the famous ‘little number’ of 3% which for too many years has tied our economic policy to decidedly restrictive choices”, explains Freni. “The possibility of distributing the budget adjustment over seven years is not a concession made to Italy. It is foreseen by the new Stability and Growth Pact, and I underline growth, which applies to all European countries”, explains the undersecretary. “Why on earth would we have to stifle growth in the name of a adjustment hasty and above all harmful to our economy when we can legitimately take advantage of a route more gradual and orderly? Having three more years available – he underlines – does not mean proceeding with the handbrake on”. And he observes: “it will not escape anyone’s notice that in the Structural Budget Plan we have indicated a decidedly sustained reduction in the deficit/GDP ratio. Bringing the bar for this ratio below 3% within two years seems to me to be widely considered a serious and responsible commitment.”
TAX, JUSTICE, BUSINESS: THE REFORM PLAN. “Thanks to the Pnrr – explains Freni – we will speed up the civil and criminal process but with the Psb, which also extends beyond the 2026 deadline, we envisage simplification and efficiency measures, from support to judicial offices to a strong push for the digitalisation of proceedings”. In the tax field, he underlines, “we intend to consolidate the results achieved with a reform that revolutionized the relationship between the tax authorities and the taxpayer: we will encourage voluntary compliance, we will further strengthen the fight against major tax evasion and we will complete the reform to make the collection system more efficient and free from persecutory logic”. In the government’s plans the reforms will also concern businesses. “The reforms included in the Structural Plan budget they aim to create a context favorable to the dimensional growth of businesses and to improve access to credit for SMEs”. “To do this we will strengthen the capital market: an essential humus for strengthening the industrial and financial policy of the country”, explains the undersecretary who oversaw the creation and development of the updating of the Text Unico di finance. “With the Capital law we have acted on the rules: now it is time for an organic reform that we will complete the revision of the TUF shortly“, he concludes.
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