Between sterilization of the VAT increase, expenditure that cannot be deferred and the reduction of the tax wedge, the new government needs at least 30 billion euros in the next budget maneuver. Il Sole 24 Ore did the math this morning, according to which the needs of the new government - admitted and not granted that it succeeds in being born and that it is not only electoral - amounts to around 30 billion.
How do you arrive at this sum? A little more than 23 billion will be used to avoid the VAT increase, 2 or 3 billion for non-deferable expenses and 4 or 5 billion for the pro-growth cut of the tax wedge promised to the social partners and all the more necessary in the face of the winds of recession that envelop all of Europe.
Thirty billion euros are no small thing and finding them is not easy for anyone, even if the evaporation of the Flat tax, so dear to the League and to Salvini, greatly sweetens the accounts, but does not exclude that revisions are also necessary to contain the pension expenditure of Quota 100.
However, Il Sole 24 Ore ventures a hypothesis that seems more than plausible and that is that, to lend a hand to a government that without Salvini and the League finally excludes Italexit from its radar (and the drop since yesterday afternoon and this morning in the says a lot about it), the new European Commission – led by Ursula Von der Leyen which was voted by Pd, Forza Italia and Cinque Stelle – can grant Italy at least 10 billion of new flexibility, that is, turn a blind eye to the public deficit argument, as has also been done for other countries.
