Ok preliminary to the 55 billion maxi maneuver while the 5 Stars lose pieces in the Chamber

The government will ask the two houses of Parliament for authorization for an additional deficit, deemed indispensable for the record maneuver that will have effects on the accounts for the next twelve years. Let's talk about 411,53 billion of additional debt between now and 2031, 112,6 billion only in 2020-2022, to which is added a footnote of 29,2 billion per year from 2032. Il Sole24Ore writes that Italy will need at least 10 years of adequate primary surpluses to bring the European debt average closer

In addition to bringing 55 billion deficits and 155 billion in terms of net balance to be financed to counter the effects of the crisis, the maneuver intends to remove the VAT clauses born in 2011 from the public finance horizon. He suspended.

The Minister of Economy and Finance Gualtieri in his introduction to the Def he defined the Recovery Fund, the decisive instrument for the Italian accounts, but also the Sure, the Bei and the Mes loans.

According to experts, the maxi maneuver together with the European measures are essential to face an unprecedented economic situation, with a GDP that collapses by 8% this year to reach -4,7% in the second half of 2021. The debt will touch the record figure of 155 percent of GDP. The aforementioned numbers, resulting from the report of the Italian Treasury, specifies the Sole24Ore are linked to the hypothesis of a vaccine available at the beginning of 2021, and of a production that starts again decisively in the second half of 2020: after -5,5, 10,5% in the first quarter and -9,6% in the second, GDP should grow by 3,8% in the third and XNUMX% in the fourth.

Al MEP are keen to point out that a second wave of contagions with an autumnal replica of the lockdown would cut the GDP on an annual basis by another 2,8%, in large part due to the fallout of domestic demand. Above all, investments, contracts of 12,3%, and the labor market, with one are missing unemployment rising to 11,6%, what has been said will also have consequences on public finance which is forced to bear extra expenses. Current expenditure goes from 41,9% in 2019 to 47,2% this year, and total expenditure (net of interest at 3,7% of GDP) comes to absorb more than half (51,2% ) of national wealth, compared to 45,3% last year. Unemployment benefits, which grow by 45,5%, while social benefits increase by 6,9%, are the main drivers.

5 stars increasingly divided on the Mes

On Mes yesterday, the majority in the House faltered. Seven deputies of the 5 Star Movement voted with the right, the agenda against the Mes. They are Cabras, Lombardo, Maniero, Nesci, Raduzzi, Vallascas and Vianello, Corneli abstained. The proposal to block the ESM was rejected with 216 no and 119 yes. In the previous days, Antonio Zennaro and Fabiola Bologna had left the pentastellato parliamentary group.

The news of the weakness of the 5Stelle in the Chamber could have been excellent for the center-right were it not for Forza Italia, through its number 2, Antonio Tajani announced that the orientation of the knight's party is to vote for the budget gap and not to to support the motion of no confidence against Minister Gualtieri, presented by the League.

 

Ok preliminary to the 55 billion maxi maneuver while the 5 Stars lose pieces in the Chamber