In the Def, tax reform and single allowance for children

Next week in the Cabinet will be presented the Update note to Def. Il Sole 24 Ore gives the first indiscretions. 8 will be the billions in 2021 and 13 in 2022 which are added to the mandatory expenses with unchanged balance for international missions, salaries of the Public Administration and energy expenses. The novelty focuses mainly on the tax reform and the single allowance for children, confirming the cut in the tax wedge by 2-3 percentage points and the extension of the social safety nets for the sectors most in crisis. In all, there will be 30 billion for the next financial maneuver, at least two percentage points of GDP.

At the moment we are only talking about economic policy ideas because at the Council of Ministers everything could be revised downwards. In fact, the MEF assessments were made on the forecasts for an increase in our GDP and not on the funds of the European Next Generation Plan. Funds of which to date it is still not possible to understand how and when they will arrive, given the reticence and stakes set by some countries such as Austria and Holland. 

As far as the new fiscal policy is concerned, the aim will be to mainly review the rates for average incomes which today correspond to 38% in taxes, thus favoring the continuous progressivity on the German model. 

For the start of the child allowance, the current patchy subsidies will be analyzed to proceed with an organic reorganization of the disbursement.

The pension. Under the magnifying glass, the game on the reform to avoid the risk-scale at the end of 2021 with the closing of 100 quota

The minister Nunzia Catalfo convinced the Mef to include in the budget law the extension of another year of theSocial bee, the pension advance with 63 years of age and at least 30 of contributions reserved for a series of categories in difficulty, which should now be extended to unemployed and fragile workers. 

It will be extended to all of 2021 Woman option, the possibility already offered to female workers to leave early with 59 years and 35 of contributions in exchange for the contribution recalculation of the allowance. 

In the Def, tax reform and single allowance for children

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