The Italian Public Accounts Observatory of the Catholic University, directed by Giampaolo Galli, analyzes the effects of the 110% Superbonus, taking into account the enormous extra deficit caused and the recessive effects on the economy resulting from the abolition of the benefit
The costs of the Superbonus for Italian taxpayers are rising day by day: the choice of the Conte 2 Government which introduced it and of the right which allowed its extension turned out to be madness
There are around eighty infringement procedures open. They range from the environment to state aid. And others appear on the horizon, including the one on seaside resorts. Instead of paying fines, problems could be solved upstream
With its second budget law, the Meloni government goes a little over the budget to guarantee a few crumbs for the lower classes, while postponing growth to a future yet to be defined, but a compromise maneuver will not help...
Giorgia Meloni's recipe would seem very simple: to encourage female employment and the birth rate, so as not to increase immigration. But is it really possible? The CPI Observatory on public accounts has done the math. Here is the result
The Calderoli bill seems to take the Regions with Special Statutes as a model for differentiated autonomy, but according to the Italian Public Accounts Observatory (Cpi) it could be a big mistake
The Italian Public Accounts Observatory has tried to really quantify the effective impact of the 110% superbonus on the economy and on the public budget. The superbonus cost 68,7 billion, helping GDP grow by 1,4% in two years. Public budget in deep red,…
The new Eurostat accounting criteria that update the weight of tax credits weigh on the deficit. Istat revises the GDP data slightly downwards. Positive signals from the manufacturing PMI
In the 70s, income from work constituted more than half of all incomes, falling sharply in the following decades and then partially recovering in recent years. Here's how they have changed according to the Observatory of Italian public accounts
In view of the start of the parliamentary examination of the Budget Maneuver, the Public Accounts Observatory appreciates the prudence with which the document assesses the economic picture, but warns: "13 billion lost in electoral promises"
The Energy Plan proposals approved by the EU Council are worth 10 billion for Italy based on the calculations of the Italian Public Accounts Observatory (Cpi). But more could have been done
The Parliamentary Budget Office (UPB) promotes the MEF's estimates on growth for 2022-23, but warns: "Because of the war, the prospects could change significantly, even in a short time"
Two downward revisions of half a point on the 2022 and 2023 deficits emerge from the Update to the Def - But the estimate for next year's GDP collapses to 0,6%
The room for maneuver for the budget law, to be approved in record time, is very narrow and will not allow any of the most expensive electoral promises to be kept
In a brief, the PBO explains that the improvement the Government is talking about is consistent with the available data, but also that an update of the numbers is needed for a complete analysis
INTERVIEW WITH GIOVANNI TAMBURI, founder and CEO of Tip – “The Fed tells a lie to extinguish any dangerous euphoria but demand is impetuous on the markets". Tip's founder on the elections: "If the right wing wins, the state budget at the…
The infrastructural imbalance causes waste traffic from the Centre-South to the North which costs 75 million euros every year and causes the emission of 40 thousand tons of CO2
INTERVIEW with LORENZO FORNI, Secretary General of Prometeia Association and professor of Political Economy in Padua - "The important variables of public finance give signs of confidence" - Both the deficit and the debt/GDP ratio in 2021 can be better than…
The property tax is more an ideological banner than a solution to the unsolved problems of fairness and fiscal efficiency - Depending on how it is applied, it risks producing little revenue or, on the contrary, frightening taxpayers and favoring…
After a thousand anti-EU antics, the Northern League leader had to crouch down in the face of reality and accept the European rules that prompted the Government to cut 7,5 billion
In all, the correction is worth 7,6 billion: in addition to the 6,1 billion budget adjustment, surprisingly the Executive also passed a decree that cuts spending on basic income and the 100 share by 1,5 billion but Salvini and Di…
The President of the Republic defends Italy: "Positive trends for the public finances, the accounts will be in order, there is no reason to open a new procedure" - The tug of war on the European nominations postpones the meeting of the Commissioners…
The EU is willing to postpone the possible start of the infringement procedure against Italy for excessive debt to the autumn, but demands a rigorous budget law: there is no room for the Flat Tax
The prime minister will meet Jean Claude Juncker at the G20 in Osaka and the declarations on both sides are based on prudence. But the real game will be played next week in Brussels
The introduction of the basic income is a leap in the dark for public finance balances: a new item of expenditure of a permanent nature enters the state budget, with costs that are difficult to predict but have a sure effect on the debt
According to the Frankfurt Monthly Bulletin, however written before the corrections to the manoeuvre, the deviation of the Italian public finances is causing, among other things, a worsening of the debt prospects of the entire Eurozone - European stock markets in the red after the pause…
The pressures of the Five Stars on the basic income and of the League on pensions and the tax authorities cause the deficit/GDP ratio to rise in the Def but the real battle will be in Parliament on the maneuver - Renzi unmasks Salvini on the flat tax:…
The latest report by the Italian Public Accounts Observatory shows that without the austerity policies of 2012 the debt/GDP ratio would have risen to 145%, leading to the collapse of the Italian economy. And it demonstrates that "it is not possible to reduce the public debt ratio…
The European Commission has granted Italy a "lower than prescribed" budget adjustment as long as the debt drops - For Prime Minister Gentiloni, "this is good news"
While voting for confidence in the Government on the manoeuvre, the leader of the Democratic Center criticizes its contents and on the new electoral law he senses agreements of "pure power" - Yes to a large center-left but "the Democratic Party will not be able to do all…
Padoan's reply: "Reintroducing the Imu is not a good idea" - For the moment, the EU does not activate infringement procedures against Italy, but the monitoring of commitments remains: next test in the autumn.
The minister explains that "even any improvements in the estimates, which can however be foreseen, have no impact on the structural adjustment"
The meeting will take place this morning in Berlin and will be accompanied by a forum with the participation of the business elite of the two countries
The deficit/GDP ratio is far from the targets set, the public debt is too high and the banking system has worrying weaknesses. For this reason, the IMF has asked Portugal for a contingency plan to achieve the objectives and correct…
