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Government: there is an agreement on cutting funding to parties

Letta's tweet: “In today's CDM, an agreement was found on the abrogation of the public funding of the parties. Now the Accounting Office must prepare the tax rules of the bill” – Decisions on tax bonuses relating to renovations and interventions for the energy efficiency of buildings have also been postponed until next week.

Government: there is an agreement on cutting funding to parties

There is an understanding, but to see it in black and white we will have to wait a little longer. Today, the Council of Ministers and the Government reached an agreement on the repeal of public funding for political parties, but are awaiting the go-ahead from the State Accounting Office to enact a bill. This was announced by Prime Minister Enrico Letta in a tweet.

“In today's CDM, an agreement was found on the abrogation of the public financing of the parties – wrote the Premier -. Now the Accounting Office has to prepare the fiscal rules of the Ddl".

The wait also continues on the side of tax bonuses, the other fundamental issue discussed today in the Council. The Executive will decide next week if and how to extend them: on the table are the 55% deduction on energy redevelopment interventions on buildings and the 50% deduction on simple renovations. 

According to government sources, the Ministry of the Economy is still verifying the coverage suggested by the Ministers of Development and Infrastructure, Flavio Zanonato and Maurizio Lupi. The first suggests remodulating the 55% deduction in a more selective key to reduce the impact on the budget, while the second insists on extending both deductions at least until the end of the year (which otherwise would expire in June).

With the European Commission starting to close the procedure for excessive deficit, the Ministry of Economy does not want to compromise the commitment to maintain the 2013 debt within 2,9% of GDP, just below the maximum threshold of 3% established by the Maastricht Treaty.

For this reason it seems more probable that in the end the government will choose to extend only the energy efficiency bonus, a measure that would cost 80 million, against the 120 required by the postponement of the deadline on deductions for all renovations.

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