There are two fundamental chapters of the autumn economy: the final rush on the Tasi and the 20 billion sought by the government to close the 2015 Stability law without exceeding 3% of the GDP deficit, a real danger for Italy, as underlined the European Central Bank today.
To find the resources necessary to balance the budget, the Premier is betting on semi-linear cuts to the ministries, each of which is called upon to cut the expenditure by 3%. Whoever misses the target will lose the possibility of deciding independently on their own accounts and will be forced to reduce their budget by Matteo Renzi's and Pier Carlo Padoan's technicians.
In addition to the money to pay interest on government bonds, the only item that the Premier considers truly untouchable is spending on pensions. Otherwise, no one is safe. In the crosshairs of the Treasury there is above all the Health, whose aim is to reduce waste. Services are not in question: the goal is to ensure that the costs for the purchase of goods and services respect the limits.
Another substantial slice of resources could come from economic development, where the minister Federica Guidi claims to be able to draw consistently from the forest ofbusiness incentives. These would be cuts which not even Confindustria would be against, above all because the idea of a further reduction in IRAP remains in the background.
On the fiscal side, however, today the first concern is the Tasi. Yesterday the new deadline expired within which the Municipalities were called to communicate the rates, in order to collect the advance by 16 October. The Treasury has until September 18 to publish the percentages and the number of resolutions should reach 5.
Added these Municipalities to the more than 2 who had established the rates by May (and who have already collected the advances), in all, less than a thousand administrations should be missing.
For the latter cases, in June the government had established that "the tax will be due by applying the basic rate of 1 per thousand and will be paid in a lump sum on 16th December 2014. The Tasi payable by the occupant will be 10 per cent of the total amount of the tax, determined with reference to the conditions of the holder of the real right”.
