The International Monetary Fund does not have enough details on the next Economic and Financial Document to be able to comment on whether the abolition of the tax on first homes is going in the right direction but, the Fund points out, "in general, fiscal policies in Italy have to deal with a double challenge: sustaining the recovery and reducing the very high public debt”.
This was stated by the spokesman of the Washington Institute, Gerry Rice. "As taxes on labor and capital remain high, tax cuts funded through spending cuts identified in the spending review should be pro-growth." For Rice, modest flexibility within the framework of the Stability and Growth Pact "could support the structural reform agenda while an acceleration in privatization could facilitate the goal of debt reduction".
