Government intervened to stop haemorrhage of resources, even IMF opposed to measure

Government intervened to stop haemorrhage of resources, even IMF opposed to measure
Government intervened to stop haemorrhage of resources, even IMF opposed to measure

“The Superbonus decree contains some fiscal measures to save public finances and be able to invest available resources free from the burden that the superbonus would have continued to cause without radical intervention. The numbers have put us face to face with an incontrovertible reality: according to the latest data released by Enea, as of 31 March the superbonus had a cost of 122 billion euros, with a leap forward of 8 billion euros compared to the previous month. There is also a cost for the overall credits of building bonuses estimated by the Revenue Agency to be approximately 200 billion euros. Even the International Monetary Fund has defined the super bonus and the over 200 billion spent on generous tax credits for property renovations as ‘bad debt’. As the IMF certified, the stimulus to the growth of tax credits was very limited in proportion to the size of the resources used, and it definitively established that it was a wrong, serious and indefensible measure. Hence, the need to drastically stop the hemorrhage of resources that the super bonus has caused and still risks causing. The Meloni Government is demonstrating its constant commitment to pursuing a prudent approach to public finance, paying particular attention to debt sustainability and implementing all the necessary actions to limit the damage caused by the wicked measures introduced by previous executives”.

Mariangela Matera, deputy of Fratelli d’Italia and member of the Finance Commission, said it in the Chamber of Deputies, speaking during the general discussion on the Superbonus Decree.

 
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