DEF: space in deficit in 2022 for over 9 billion, without deviation
Programmatic GDP growth set at 3.1% (from the previous 4.7%) and deficit confirmed at 5.6%: are the numbers that appear in the draft of the Def, which Affaritaliani.it publishes in full version. The Economics and Finance Document is today on the table first in the control room and then in the Council of Ministers.
THE DRAGHI GOVERNMENT DEF PREVIEW ON AFFARITALIANI.IT
FIRST PART
A space in deficit in 2022 for over 9 billion, without deviation: it is the one envisaged in the draft of the Economics and Finance Document. In the Def, the government estimates the trend deficit for this year at 5.1%, which is however confirmed at 5.6% in the programmatic scenario, without foreseeing any deviation from the latest forecasts already approved by Parliament.
They amount to approximately 5 billion le resources available to guarantee new aid to the economy. Of the more than 9 billion of space in deficit, 4.5 have already been used to reduce the impact of increases in bills.
Debt which continues its reduction path in the coming years: in the programmatic scenario indicated in the draft of the Def, in fact, the debt is revised slightly upwards in 2021, to 150.8%, due to the revision of the nominal GDP carried out by Istat. For this year it is expected to decrease by 4 points, to 146.8%, to fall to 145% in 2023, to 143.2% in 2024 and to 141.2% in 2025.
The new decree with the aid to the economy, to be finalized in April, it will have an impact on GDP of 0.2 points in 2022 and 0.1 in 2023 and first of all it will restore the 4.5 billion used in the bills. It can be read in the draft of the Def which also indicates other “four orders of interventions” to which the remaining “5 billion” are to be allocated: containment of fuel and energy prices, increase in funds to “cover the increase in the prices of the works public “; increased sources “for credit guarantees”, other measures “to assist Ukrainian refugees and to alleviate the economic impact of the conflict on Italian companies”.
If the Russia blocked the export of gas And petrolium between now and the end of 2023, energy prices would rise with an impact on GDP of 0.8 percentage points in 2022 and 1.1 points in 2023. And employment would drop by 0.6 points this year and 0.7 in 2023 . In a worst-case scenario, that is, if there was a Russian stop to energy and Italy were unable to diversify supplies as planned, also considering “the share of gas consumption to be rationed”, the impact on GDP would be of 2.3 points in 2022 and 1.9 in 2023. Employment would be 1.3 points lower this year and 1.2 in 2023.
There are 19 bills linked to the next maneuver according to what is read in the draft of the Def. The list includes a delegation bill for “updating the reference age group of youth policies as well as measures for promoting the autonomy and emancipation of young people”. Other related measures include tax reform, competition, measures on the implementation of differentiated autonomy and the reorganization of the gaming sector.
READ ALSO
“Center-right, premier who gets the most votes?” We’ll see … “Tajani freezes FdI
Generali, Pellicioli against Caltagirone: his plan is unachievable
Cacciari: “If we continue like this, war breaks out in Europe”
Pyongyang ready to eliminate Seoul with nuclear weapons. Word of Kim Yo jong
Unrecognizable Madonna on TikTok. Emancipated or victim? Split fans. PHOTO
Ukraine, wedding in the Kharkiv subway, photos in the deserted streets. VIDEO
Generali Italia and Confindustria: partnership for cybersecurity
Autostrade, primacy in Bologna for innovation and sustainability
SEA and DHL Express: flight with food aid for Ukraine has started
#GDP #Affaritalianiit #DEF #Draghi #government