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Anti-deficit "manovrina", here are the measures to come

Minister Franceschini and Treasury sources deny that the decree being studied by the Government to reduce the 2013 deficit includes a new increase in excise taxes on fuel - Measures are on the way for the sale of public buildings and 330 million euros to finance the redundancy fund for this 'year – A 190 million Immigration Fund will be created.

Anti-deficit "manovrina", here are the measures to come

They call her a "maneuver", but her goals are by no means minimal. The decree that arrives on the table of the Council of Ministers this afternoon aims to bring the deficit-GDP ratio of our country back within the European limit of 3%. According to the most reliable estimates, at the moment the Italian accounts for 2013 exceed this threshold by 0,1%: a last-minute correction is therefore necessary to prevent Brussels from opening a new infringement procedure against us for an excessive deficit. The total bill is around 1,6 billion. 

EXCISE DUTIES ON FUEL, IRES AND IRAP ADVANCES

One of the most controversial measures is the increase in excise duties on fuel, the most classic of the sources that Italian governments draw on in times of need. In the original draft of the provision - the approval of which had been postponed due to the internal crisis to the majority - it was envisaged that taxes on petrol and diesel would increase by 6,5 cents until 31 December 2013 and by 3,3 cents from 2014 January 31 to 2015 January 184,9, guaranteeing a revenue of 906,6 million for the current year and XNUMX million for the next.

This morning, however, it became known that the Executive is working to avoid this increase and in the early afternoon, Treasury sources confirmed that the final document will not contain any increase in fuel excise duties.

“I really ask the media to verify the information before circulating false news that fuel tensions and concern among people already in difficulty – reiterated the Minister of Relations with Parliament, Dario Franceschini -. There will be no increase in excise duties or other tax levies to cover the return to 3% and the other measures of today's decree".

The original draft also envisaged an increase to 103% from 101% of the November IRES and IRAP advances on joint-stock companies.

CIG 2013, 330 MILLION COMING SOON 

The latest version of the provision also allocates 330 million euros to finance the 2013 redundancy fund. "Without prejudice to the resources already allocated through the reprogramming of the programs co-financed by the 2007/2013 Community Structural Funds covered by the Action and Cohesion Plan - reads the text -, the expenditure authorization is increased, for the year 2013, by 330 million euros to be used for the refinancing of the social safety nets in derogation”. Another 35 million euros will go to the social card fund.

CUT IN MINISTRY CURRENT EXPENDITURE

One of the fundamental items from which the Government can recover resources is undoubtedly the reduction of public expenditure, in particular as regards the current expenses of the ministries: "For the year 2013 - the draft of the maneuver continues - the availability of accrual and cash related to the remodulating expenses of the State budget are set aside and made unavailable for each ministry". The readjustable expenses relating to education, research, cohesion and the Expo remain unchanged from the provisions.

FUNDS FOR IMMIGRATION

After the tragedy in Lampedusa, the establishment of a 190 million euro fund for 2013 is envisaged to deal with immigration problems. Lastly, the endowment of the fund for the reception of unaccompanied foreign minors will be increased by 20 million .

IMU COMPENSATION TO MUNICIPALITIES

An additional 120 million is also on the way for the 2013 municipal solidarity fund as compensation for the IMU revenue. Furthermore, it is envisaged that the resources allocated to each municipality are not relevant for the purposes of the internal stability pact.

INDEMNITY COMPANIES TAV

Finally, the provision allocates a series of compensations for companies involved in the construction of infrastructures and strategic settlements (such as the Tav) and which have suffered acts of damage (non-culpable) aimed at hindering or slowing down the execution of the same works.

OTHER SIZES

The other measures included in the draft decree include the strengthening of the Global Advisory and Guarantee Committee for privatizations (which will become permanent) and interventions for the sale of part of the public real estate assets (with related simplification of the alienation process).

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