In 2014, the Cassa depositi e prestiti will be able to acquire public administration trade receivables from banks and businesses. This is foreseen by an amendment approved in the Budget Committee of the Chamber to the decree that defines the terms for liquidating 40 billion to companies between 2013 and 2014.
The rapporteur of the Pd Marco Causi commented with satisfaction: “Today the way is paved to go beyond the 40 billion. The CDP could assume not only a role of replacement but also of guarantor of last resort ". The legislative vehicle to intervene is the Stability Law.
On the other hand, the idea of ensuring that the repayment of trade debts impacts the 2013 deficit by less than the half point of GDP indicated by the Treasury is definitely out of the question. The operation, which had been mainly promoted by the Democratic Party, had the purpose of allocating part of the extra margin in terms of debt to the refinancing of the redundancy fund. “Eurostat is against it” commented Causi. Of the first 40 billion, more than three quarters are trade debt payments. The rest takes the form of tax refunds (6,5 billion) and investments co-financed by Europe (800 million).
