Covid, 65 billion to businesses in 1 year but only offset 18.5% of losses

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DL SUPPORT / AID TO COMPANIES: ALMOST 65 BILLION ALLOCATED BUT COVER ONLY 18.5% OF LOST REVENUES

“They amount to 64.7 billion of euros direct aid allocated by the Conte and Draghi governments at businesses and there self-employed in this first year of the pandemic. Resources, however, which in large part have yet to be disbursed “. This is what theCgia Studies Office estimating that until now the Italian entrepreneurs have benefited from 27 billion euros, while the resources attributable to the Budget Law 2021 and those attributable to Sostegni decree they will carry out their effects mainly in the course of this year. According to the association, “although in absolute terms these 64.7 billion euros represent a very significant amount, nevertheless, if compared to the approximately 350 billion euros of contraction in turnover recorded by Italian companies in 2020,”they only compensate for 18.5 per cent of total lost revenues “. “It is clear – affirms the CGIA – that in the face of these numbers there is now the need for the Draghi government to change register in terms of measures to support businesses and self-employed workers”.

“In addition to reimbursing to a greater extent the losses suffered – according to the Cgia Research Office – a good part of the fixed costs must also be compensated, as they do in France and in Germany which for months have transposed the new provisions introduced by the EU on state aid to businesses. Costs, the fixed ones (such as rentals, the insurance, the energy bills, etc.) which, despite the obligation to close and the consequent zeroing of revenues, the economic activities unfortunately continue to sustain. If the new aid will be allocated with a certain continuity and with acceptable economic dimensions at least until the end of this year – as announced in recent days by the Minister of Economy Daniele Franco – we can still do it. Otherwise, we risk a general closure of many artisan shops and as many small commercial shops that will cause the desertification of both the historic centers and the suburbs “.

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