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Imu and Redundancy Fund, the incoming decree

Government meeting in the Council of Ministers from 11 - The most discussed measure is certainly the postponement of the Imu advance on the first house, which should be postponed from June to September or October - As for the Cig by way of derogation, the refinancing should be around 800 million EUR.

Imu and Redundancy Fund, the incoming decree

Prime Minister Enrico Letta has warned that there will be no "miracles", but expectations are still high for the decree law that will be passed today by the Government, meeting in the Council of Ministers starting at 11. day: the single municipal tax, layoffs in derogation and a first (minimum) cut to the costs of politics.

The most discussed intervention is certainly the postponement of the Imu down payment, which should slip from June to September or October. What caused discussion was the choice of the Minister of Economy, Fabrizio Saccomanni, of do not include industrial sheds in the intervention. The measure would have given businesses breathing space and was strongly supported by both the Pd and the Pdl, but according to Treasury technicians it would have been too onerous, above all because today the first objective of the Executive is to ensure that in a few days Brussels confirms the closure of the excessive deficit procedure vis-à-vis our country. The first installment of the tax will therefore be deferred only for payments on the first house and (probably) on agricultural buildings. 

as to Cig notwithstanding, the refinancing should be around 800 million euros. A “probable” figure – confirmed today the undersecretary of the Ministry of Labour, Carlo Dell'Aringa, on the microphones of Radio Anch'io -. If the aim is to give relief for 3-4 months, that may be enough”. In all, however, “this year's requirement for the second half of the year is around 1-1,5 billion – Dell'Aringa explained – but we are talking about forecasts”. Yesterday the Minister of Labour, Enrico Giovannini, underlined that the very short-term refinancing will be accompanied by the start of a process of revision of layoffs in derogation.

The last chapter of the decree has to do with the costs of politics, i.e. the salary cuts for ministers who already have a seat in Parliament.

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According to a draft of the decree anticipated by the Tm News news agency, the new deadline for the payment of the Imu on the first house will be 16 September. If a comprehensive housing tax reform is not adopted by 31 August, payments will be made again. 

For the refinancing of the Cig by way of derogation, however, the Government allocates only 496 million euros. However, according to sources from the Executive, work is still underway at this time to increase the ceiling of resources for social safety nets. 

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