Public capitalism costs the state almost 23 billion, about 1,4% of GDP, a "weight that Italy can no longer afford". This was revealed by the Confindustria study center in an analysis that was presented last December 19 and has now been released, according to which there are around 40 stakes held by public administrations in almost 8 external bodies. "Most of these bodies were created, at the local level, to circumvent public finance constraints - claims Confindustria - in particular the internal stability pact, and as a tool to maintain political consensus through the provision of jobs". According to the association of industrialists «it would be a priority to decommission the entities or in any case eliminate the costs for the public administrations of those entities which do not produce services of general interest.
The Csc of Confindustria cites the Consoc database, set up at the Ministry for Public Administration, and notes that «in 2012, there were 39.997 shareholdings held by public administrations in 7.712 external bodies. According to the association, "in general, it would be a priority to dispose of the institutions or in any case eliminate the costs for the public administrations of those organizations that do not produce services of general interest".
As for the productivity of these entities, the Confindustria study center cross-references a series of data and notes that "more than half of the bodies do not seem to carry out activities of general interest, even though they absorbed 2012% of the costs incurred for the investees in 50: about 11 billion euros. More generally, also considering the organizations that produce services of general interest, over a third of the subsidiaries recorded losses in 2012, and this entailed a burden for the Public Administration that can be estimated at around 4 billion". «7% of the investee bodies have recorded losses in the last three consecutive years with a burden on the public budget which was equal to approximately 1,8 billion. These are extraordinary numbers that the country cannot afford".
