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Energy price increases, all government interventions in 2022: summary of the Public Accounts Observatory

With the 17 billion of the Aid bis decree just approved, in 2022 the Government adopted measures to support the economy for a total of 52 billion. Here is the summary of the Cpi led by Carlo Cottarelli

Energy price increases, all government interventions in 2022: summary of the Public Accounts Observatory

During 2022 the Government has adopted various measures to support the economy, in particular to mitigate the negative effects on households and businesses of energy boosts. THE measures taken in the first seven months they are worth 35 billion (of which 29 billion for measures linked to energy price increases). The outgoing executive has now approved the Aid decree bis, for another 17 billion: the decree, in addition to extending the measures to contain spending on electricity, gas, and fuel sustained by households and businesses, adopts other measures, including the cut of another tax wedge point below 35 thousand euros and the advance of the revaluation of pensions. Overall, the interventions amount to 52 billion. Here is the composition made byItalian Public Accounts Observatory, led by Carlo Cottarelli.

Containment of electricity costs

For the whole of 2022, the cancellation of the general system charges that affect the final cost of electricity for domestic and non-domestic users (9 billion) is expected. Together with the recognition of tax credits in partial compensation of the greater electricity costs supported by energy-intensive companies (i.e. those with high electricity consumption) in the first three quarters of 2022 (2,5 billion) and by non-energy-intensive companies in the second and third quarters (2,1 billion).

For a total of 13,6 billion euros.

Containment of gas costs

Throughout 2022, a reduction in the general system costs which weigh on the final expenditure for gas is expected (3,1 billion); the reduction of VAT on methane gas, for civil and industrial uses, from 10 to 5%, for the entire year (2,5 billion). And still tax credits in partial compensation of the greater gas expense supported by gas-intensive companies (i.e. those with high gas consumption) in the first three quarters of 2022 (2,5 billion) and by non-gas-intensive companies in the second and third quarters (0,6 billion).

For a total of 8,7 billion euros.

Measures to combat energy poverty

Strengthening and extension of the audience of beneficiaries of social bonuses aimed at reducing the cost of electricity and gas for families in conditions of economic or physical hardship. According to the technical reports of the measures, 3 million households would have benefited from the electricity bonus and 2 million from the gas bonus. With the extension to the fourth quarter adopted by the "Aiuti-bis" decree.

The cost of the measure should be around 2 billion.

Containment of fuel costs

Temporary reduction of excise duties and VAT on fuels (4 billion): initially arranged for one month (from 22 March to 21 April), it was extended by various measures until 20 September. Tax credits to partially offset the higher expenditure incurred by the road haulage sector for the purchase of fuels and additives (0,5 billion); tax credit for 20% of fuel expenditure incurred by companies in the agricultural and fishing sector (0,4 billion). Vouchers for the purchase of season tickets for public transport services, for natural persons with an income of up to 35 euros (0,2 billion).

For a total of 5,1 billion euros.

“Anti-inflation” allowance

Recognition of an indemnity one-time fee of 200 euros to employees, pensioners and other subjects (for example domestic workers, recipients of the Citizenship Income, NASPI, DIS-COLL), with an income of less than 35 thousand euros, to support their purchasing power (6,3 billion). 0,6 billion have also been allocated for self-employed workers and freelancers, but the amount of the allowance and the access criteria have yet to be established.

For a total of 6,9 billion euros.

Further measures to support businesses

Measures to encourage investments in the energy field and the industrial conversion of companies (1,1 billion), including: a tax credit in favor of companies investing in the South to improve energy efficiency and the self-production of energy from renewable sources; the establishment of a fund for the green conversion of refineries; the establishment of a fund for research and development in the automotive sector and a fund for research and development of microprocessor technology and for investments in industrial applications of innovative technologies. Measures to support corporate liquidity (€0,4 billion), in particular through the refinancing of the SME guarantee fund.

For a total of 1,5 billion euros.

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