July 23, 2020Sale 25 billion the size of the manoeuvre the summer that the government is ready to launch in August. The Council of ministers has given the green light to a request of a deficit of add-on that will bring the level of net debt from 10.4% to 11.9%, while the debt will rise from 155,7% to eur 157.6%. With the Report that will be sent to the Chambers, after consultation with the european Commission, the government will ask the permission for a further appeal to the debt of 25 billion euro for the year 2020, 6.1 billion in 2021, 1 billion in 2022, euro 6.2 billion in 2023, € 5 billion in 2024, or 3.3 billion in 2025 and 1.7 billion by 2026.
A new overdraft for the current year, in excess of 20 billion budgeted, in the wake of the positive outcome of the negotiations, the european Recovery fund that has brought a dowry of about $ 209 billion to Italy. The decision to raise the bar was taken during the summit of the capidelegazione and those responsible for economic with the premier, Giuseppe Conte, and the minister of Economy, Roberto Gualtieri, which preceded the Cdm.
A free Parliament should be arriving on Wednesday, 29
The green light of the Parliament to the new request of extra deficit, the third after 20 billion of dl Care in Italy and the 55 billion of the dl Raise, will arrive Wednesday, the 29th, in conjunction with the national reform Plan, which will officially be sent to Brussels. Priority will be given to the extension of the Igc, but will also the funds to restart the school in safety and a shift of taxes suspended and postponed to September for the firms that are more affected.
“Will not the support to enterprises and sectors that are most affected by the crisis, and liquidity, also through a reprogramming of tax deadlines in the coming months,” says the government. In addition, “will provide you with the necessary support to the local authorities, whose resources have been reduced by the loss of tax revenue in recent months, in order to ensure the regularity of public action, at all levels of government. Finally, will be guaranteed the necessary resources to kick-start the teaching presence in terms of security”.
The igc should be extended for an additional 18 weeks, but with the poles for access
The executive “confirms the goal of bringing to the average for the euro area, the debt/Gdp ratio over the next decade, through a strategy that, in addition to the attainment of an adequate primary surplus, will be based on the recovery of investment, public and private”. To finance the new bank integration Covid will serve between 6 and 8 billion: it should be extended for an additional 18 weeks, but with the stakes for the access, starting from the decrease of the turnover. Alternatively, enterprises can rely on the mechanisms of incentives for the new hires, in the form of contributions.
On arrival, a reinforcement of the guarantee Fund in central for smes
Coming also a strengthening of the guarantee Fund in central for smes. It should then be extended until the end of the year the block of the layoffs that may apply, however, only for companies that use the cash integration. The government has then to enter in the next decree, a norm for the extension of the smart working in the private sector as well as provided for 50% of the p.to, from dl re-launch. On the front of the revenue, the government intends to “lighten” the payment of the taxes deferred in September for the companies hardest hit with an overhead kick which is expected to be worth about 4 billion and a rescheduling of deadlines. An advance of the reform in the pipeline that aims to rewrite the schedule for payments for Vat, overcoming the mechanism of advances and balances, and with a dilution in the course of the year the amounts to be paid calculated on the basis of the proceeds actually received. On the plate there are then the more 2.8 billion allocated to the regions to cover the hole in revenue and about $ 2 billion for municipalities.
Catalfo: “we Give more fuel to the companies and more protections for the workers”
“The refinancing of the redundancy fund, incentives for new hires, and strengthening of the new skills. With the largest proportion of the 25 billion of the deviation of the budget approved in the Cdm, we give further fuel to the companies and more protections for the workers”. Writes it to the minister of Labour, Nunzia Catalfo, at the end of the Cdm.
Refinancing of the redundancy fund, incentives for new hires, and strengthening of the new skills. With the largest proportion of the 25 billion of the deviation of the budget approved in the CDM, we give further fuel to the companies and more protections for workers.
— Nunzia Catalfo (@CatalfoNunzia) July 22, 2020
From Cdm nandato for Jay to open the school year
The Council of ministers has approved a resolution reasoned that, pursuant to article 3, paragraph 3, of legislative decree 28 August 1997, n. 281, authorizes the Minister of education Lucy Jay to adopt, in accordance with article 2, paragraph 1, letter a), of the decree-law of 8 April 2020, no. 22, the ordinance concerning the start of classes and the start
of the activities of integration and recovery of the learning outcomes for the school year 2020-2021.
No decision on state of emergency
The Council of ministers has not taken any formal decision on the extension of a state of emergency for the Coronavirus, currently expiring on 31 July. In the day, was circulated to the voice of a possible postponement to October 31.
The extension would be required to close all the fronts on which it committed the government to the cause of the emergency Covid, as the various obligations necessary to ensure the opening in the security of schools in September. For this, according to some sources, the ministry, the government has taken a ‘more of the reflection and the premier Giuseppe Conte, however, should pass by the Parliament, perhaps as early as at the beginning of the week, before taking any decision.