And it confirmed the public finance targets for 2022 and 2023, in line with the European fiscal stance that is currently asking states to maintain expansionary policies for this year. And within a framework in which the calculations of Via XX Settembre indicate some less pessimistic notes than expected. The update of the public finance numbers on which the Mef is working indicate that 2020 should close with a decline in GDP of 8.8%, below the 9% indicated by the Nadef and far from the double figure feared by many forecasters. In this context, the debt would stand at 156.5%, one and a half points less than the 158% written in the tables of the latest public finance program, to rise to 158.5% this year. Counting the difference from 32 billion, 1.8% of GDP, now asked of the Parliament.
New refreshment points arrive, “diluted” tax records
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The “weight” of the new anti-contagion restrictions
To increase this last figure compared to the initial programs, which traveled around 24 billion (1.5% of GDP), is the arrival of the new anti-contagion restrictions, which increase the need for aid, as is happening in all over Europe.
In the account, as anticipated by the Sole 24 Ore in recent days, the almost 7 billion of the Transition 4.0 program that “left” the remodeled Recovery program enter. The 50 billion in cash terms can also be explained by the need to “allow the accounting regulation of the treasury advances authorized at the end of 2020”. In practice, on this ground the new decree also has to manage the legacy of a series of extra expenses, starting with that for social safety nets, which have been inflated by the persistence of the economic crisis.
New CDM expected on Wednesday after the vote
The social safety nets as mentioned will also be the protagonists of the new provision, expected in the Council of Ministers on Wednesday evening immediately after the parliamentary green light for the new deficit, within a chapter dedicated to work that will also contain the refinancing of the Cig for the sectors not covered by the ordinary fund and the fund for the deduction of VAT numbers (see other article on page).
