From measures against rising energy prices to NADPH. A hot week begins for the government called for approval Interventions against electricity and fuel increases on Monday And Friday update note to def With estimates that will form the basis of the maneuver that will be presented by mid-October.
Measures and documents to be put in place within the narrow path of uncertain growth prospects, increases in the spread, delays in Pnrr, the burden on accounts from the super premium and monetary tightening by the ECB. A puzzle that makes it difficult to find the correct solution to formulate the maneuver that is supposed to be worth about 30 billion euros, while the confirmed cash coverage at the present time amounts to only 5.5 billion.
Bonus bills and gasoline
The package of measures to confront the rising cost of bills and fuel is expected to be presented in the Council of Ministers on Monday. Among the decree-law’s interventions is expanding the scope of aid for electricity and gas users, including the so-called bill bonus; The gasoline bonus that will be charged to the social card is “dedicated to you”; 5% VAT on gas and discontinuation of the protected market for domestic customers with special emphasis on the situation of vulnerable groups.
Towards new GDP estimates and calculations
Nadif can GDP estimates revised downward. Internal variables linked to the slowdown in consumption and investments, the discontinuation of super bonuses and the delay in the Pnrr program are affecting growth, but also external factors such as the interest rate hike by the European Central Bank which entails an additional $14-15 billion in public debt refinancing costs, and the slowdown of the European economy. , led by Germany, and the continuation of the war in Ukraine. In the latest GDP estimates, Istat reduced growth to -0.4% in the second quarter with the change gained for 2023 of +0.7% versus +1% indicated in the April report. For 2024, Def expects 1.5% automatic. As for the deficit in the spring, the government expects it to reach the level of 4.5% in 2023 and 3.7% in 2024 in relation to the gross domestic product. As for debt, the estimate is 142.1% in 2023 and 141.4% in 2024.
Construction site maneuvering
Wanting to bypass requests from ministries as much as possible to maneuver, more than 30 billion are needed. The cost of refinancing the tax cut is 9 billion euros, the first step of tax reform by merging the first two rates. 4 billion, at least 2 billion are needed for health care, and at least 4 billion for families and birth rate, to be sure. Pension package (hence no adjustments) 2 billion. Another 6 billion is used to cover non-deferred expenses, peacekeeping missions, etc. Confirmation of preferential taxes on productivity bonuses and additional benefits amounting to 3 thousand euros costing 2 billion dollars; Finally, the renewal of public employment contracts for startups alone requires at least 2. But the confirmed coverage at the moment is only 5.5 billion (4 billion in cash obtained from the better result of 2023 and 1.5 billion from cuts from the ministries).
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