Manovra, Gualtieri: 'Free daycare centers as early as January 1st' – Economy

The Economy Minister Roberto Gualtieri in audition on the maneuver: "The government has great respect and willingness to dialogue and debate, I think and I hope that parliamentary work can further improve the maneuver safeguarding the plant and the objectives". The short-term forecasts for the Italian macroeconomic scenario, despite the international scenario, "have recently shown some encouraging signs" and "indicate an increase also in the fourth quarter, which could not only improve compared to the 0.1% forecast in Nadef, but should lead to a positive drag on growth in 2020 ". Gualtieri said that "0.6% of growth appears to be largely achievable, even prudent".

The maneuver "not only decreases the tax burden considerably compared to the trend, but also reduces taxes compared to the previous year, explained the Economy Minister, saying that the tax burden appears unchanged at 41.9% but net of measures such as the recovery of evasion or the postponement of the Dta "we will have a reduction of 7.1 billion in the tax burden even compared to the previous year".

The maneuver has "already determined" a perception of "greater stability of our economy witnessed by the gradual decline" of the spread with a "significant reduction in interest expenditure". Thanks to the drop in the spread, said Gualtieri, there will be "a saving of 2.7 billion for the current year, which can be considered as acquired and 6.7 billion in 2020". In the four-year period 2019-2022 Italy can achieve "a credibility dividend of about 38.5 billion".

Among the measures in favor of local authorities there is the "rationalization of taxation starting from the Imu-Tasi unification in a single tax" constructed in such a way as to "ensure invariance of revenues, so it will not result in an increase in the tax payers ", assured the minister in a hearing before the Senate Budget and House Committee reunited.

The Strengthening of the bonus for nursery schools will allow "substantial free childcare for the vast majority of Italian families, also important from the point of view of support for female employment. There was talk of the measure from September "but it will start" as early as January 1. "Gualtieri then recalled that the number of places in the nursery" inadequate in particular in Southern Italy "is also expected. In all, during the three-year period, remember to settle 2, 8 billion more for the family.

From the 'Italia Cashless' package with incentives for digital payments, the government has not foreseen additional income for prudence. However "it will lead to a significant increase in revenue, which will allow us to increase the fund for reducing the tax burden and reducing the tax burden" on families and businesses.

It's still: that on company cars is a measure that "needs to be improved to avoid it translating into an increase in the tax burden on employees"." We are working to improve the standard – the minister said -, which safeguards the objective of encouraging the renewal of the park, but modulating times and forms, "so as to" ensure that methods and times are consistent with the automobile sector production plans ".

"We have read entirely imaginative estimates of price increases" linked to the introduction of the plastic tax, "technically and totally unfounded," added the Minister of the Economy regarding the plastic tax during the hearing on the maneuver. Even the squeeze on company cars "we listened to imaginative numbers: those touched by the measure are 300 thousand".

The plastic tax "must be improved and reformulated so as to avoid having negative effects on a very important production chain – said Economy Minister Roberto Gualtieri –. We have started a technical reflection with the operators in the sector, we hope that Parliament will intervene and we will make this work available to reshape the measure but safeguarding the ratio of the intervention that discourages the abuse of disposable plastic ".

AUDITION OF BANKITALIA ON THE BUDGET LAW AT PALAZZO MADAMA – The incentive for electronic payments can reduce tax evasion, even if the government has not put on paper any tax base emergence, said the deputy director general of Bankitalia, Luigi Federico Signorini. "It is plausible that in the medium term it could contribute to reducing the propensity to evade", said Signorini, adding that "the incentive will work well if we succeed in implementing it in a simple and clear way". The estimate of growth of the Italian economy of 0.6% contained in the budget law "remains acceptable and in line with our most recent assessments". In 2021 and 2022 the residual safeguard clauses – explained Signorini during the hearing on the maneuver at Palazzo Madama – remain at a "significant" level net of the effects of the maneuver, equal to one percentage point of GDP and 1.3 points respectively . If they were abolished without compensation "the structural deterioration of the accounts would be considerable" and therefore "the need to find alternative coverage will be proposed again".

Mortgage interest rates fell well below 2% in September. The interest rates on loans disbursed in the month to households for house purchase, including ancillary expenses, reads the Bank of Italy publication 'Banks and money', stood at 1.82 per cent against 2.08 per cent. % in August.

"The effects of the bonus for nursery schools are potentially relevant," he said Signorini emphasizing, however, that "the choice of binding him to the ISEE could discourage the job offer of a second income earner, especially near the thresholds that determine the amount of the amount: all the more since the fees paid by the families for kindergartens they are already modulated according to the ISEE. The experience will give useful indications to define the system of family support measures in full force ". In the paper of Via Nazionale it is also underlined that currently "the offer of places in early childhood facilities is inadequate" and it is recalled that according to Istat data the places and potential users ratio in 2016-17 was "on average equal to 24 % ", far below the 33% target set by the European Council to favor the reconciliation of family life and work".

THE DIRECT