Maneuver, resource hunt: many coverages uncertain

The deficit of almost 16 billion is not enough for all the measures of a budget law which is around 25 billion. Various sources for raising money appear less than solid. The government wants to confirm the cut in contributions paid by employees, reorganize the Irpef and give new aid to families with medium-low incomes

The search for the money needed for the next maneuver does not stop. 9-10 billion would be missing from the appeal, if the so far assumed value of the budget law was around 25 billion.

The deficit is not enough

The major expenditure that the government intends to make, i.e. the deficit, is close to 16 billion, money which – let us remember – should be borrowed from the markets by selling government bonds. This treasure would mostly be used to help those with medium-low incomes.

Extension of the contribution cut

Here, therefore, about ten billion would be needed to confirm the cut in contributions for employees with earnings of up to 35 thousand euros gross per year (without an extension, paychecks would become a little lighter). Four-five billion, however, would be used to reorganize the levels of collection of the Irpef, the income tax, especially favoring the middle class. Confirmation, then, for the flat tax for VAT numbers which do not exceed 85 thousand euros in annual revenues.

Higher salaries in the public sector

Also under study are fiscal supports for families with at least three children and who have difficulty making ends meet and the desire to raise salaries in the public sector, especially in healthcare, which would cost at least three billion.

Pensions, towards confirmation Quota 103

All things considered, the deficit is thus entirely mortgaged and for the other interventions, starting with pensions with the confirmation of Quota 103 and the other advance systems for disadvantaged workers and women, the money must be found.

Where to find the other money

Help should come from the savings from the Child Allowance, the increased revenue from fuel but also the cutting of ministerial expenses (it is assumed up to two billion), that of tax bonuses (around one billion), the tax on multinationals. Sources largely uncertain, as is the tax on banks’ extra profits, privatizations and possible amnesties.