Finally, the pensions of the Italians will be a little richer. At least from 2022 due to inflation: “an extra of about 300 euros a year is coming for those who today collect around 1,500 euros a month”, writes Il Messaggero. “The latest increases date back to two years ago, but from January the need to compensate for the increase in prices will cause social security spending to rise by about 4 billion”.
MANEUVER: PENSIONS AND CUT OF LABOR COSTS, SITE OF MORE THAN 23 BILLION
Pensions, cutting the tax wedge, incentives for businesses, allocations for new social safety nets. The menu of the maneuver takes shape at the center of the technical meetings of the departments involved, to then move on to the political debate in view of the go-ahead from the Council of Ministers to the budget planning document, by October 15, and the subsequent transmission of the provision to the Chambers by on the 20th of the same month. A maneuver that according to the first hypotheses could exceed 23 billion euros: to the 22.5 billion due to the differential between the trend deficit and the programmatic deficit with respect to the GDP, which in the era of the stop to budget constraints, represents a considerable financial dowry all to be spent, the better-than-expected tax revenues must be added. The government had actually estimated a prudently low revenue given the economic crisis linked to the pandemic, however, the picture appears more optimistic. Other resources could emerge thanks to the decline in needs and between the folds of the budget.
PENSIONS: BETWEEN THE FUTURE FEE 100 AND EXPENSE-LIFE
The new maneuver will have to deal with the Quota 100 node. The exaggerated pension advance system of over 5 billion a year wanted by the League in the years of the yellow-green government expires at the end of the year. According to the hypotheses being studied, about 3 billion would be needed to implement a scheme of gradual raising of the retirement age, providing for exceptions for weary workers. The revaluation mine must also be defused in line with the inflation of 22.8 million pension checks, an item that promises to be more expensive than last year in light of the recent energy flare-ups that push the price index up to consumption. To align with the cost of living, 4 billion euros would be needed.
TAX CUT AT WORK. At the top of the priorities of the fiscal interventions that the government intends to anticipate with the maneuver, there would be a new cut in taxes on labor in favor of average incomes, among the highest in the euro area. At least 6 billion is allocated to the study.
SHOCK ABSORBERS AND WELFARE. The resources for the financing of the new social safety nets and for welfare measures will find space in the maneuver. Cost of the operation: up to 6 billion.
BUSINESSES. For business incentives, the working assumptions prepare approximately 3 billion. HEALTH. Health measures must then be financed, primarily the purchase of new vaccines. We are thinking of a figure of around 2 billion.
PUBLIC EMPLOYMENT. For the renewal of the public employment contract, the allocation would be approximately 2 billion.
INDIFFERABLE EXPENSESI. For non-deferrable expenses, at least 2 billion would be needed.
CASHBACK TOWARDS GOODBYE. The government aims to insert the cashback stop started on 30 June last. The expensive ‘discount’ introduced by the Pd-M5S government to incentivize electronic payments, which provides for an annual expenditure of 3 billion would not be reactivated in the face of excessive costs compared to the benefits in terms of combating tax evasion and the risk of abuse.