Superbonus extension 110%: new arrivals for the villas. The Government has opened up the possibility of postpone the June 30 deadlinethe deadline within which it is necessary carry out 30% of the work in the houses single-family members to be able to take advantage of the 110% Superbonus until the end of 2022.
There are still no certainties: the only source on the subject is the Undersecretary for the Economy Federico Freni (Lega), according to whom the government is evaluating the feasibility of extending the Superbonus 110% "compatibly with the forecasts included in the public finance document for 2022”. The postponement could be included in the first useful provision after the publication of the Def that Minister Franco has promised by the end of April.
Extension Superbonus 110% on villas: the problem is the cost
It therefore seems that pressure from Parliament has made its way into the executive, largely dissatisfied with the compromise reached in the budget law on the time allowed to take advantage of the subsidy. Several parties – Pd, M5S, Lega and Forza Italia – have long been pushing for an extension of the 110% Superbonus on villas, but the government is concerned about the costs, which fluctuate between 400 and 500 million euros.
Public spending
There is no money available for new demanding measures and the Prime Minister, Mario Draghi, has always hinted that he does not want to further raise the debt bar. We could wait for the fiscal space created with the new Def, but in the government's plans the new incoming resources should be used for social aid and to mitigate high bills.
Meanwhile, the government has to solve an even more complex and urgent puzzle: for raise military spending up to 2% of GDP by 2024 requires 12-13 billion; a monstrous figure, to be recovered with heavy spending cuts and/or with a new budget gap. In this case, however, recourse to the deficit could encounter less resistance: it is difficult to imagine that the EU would contest Italy's debt increase aimed at meeting NATO commitments.
