• The race for recovery Italy: a crusade against time to change an unreformable country

The Government of Mario Draghi will approve a

tax reform that includes a tax

cut to boost structural growth in the country, said today the Italian Minister of Economy,

Daniele Franco

, who assured that the national economy will advance at least 5.8% in 2021.

"The tax reform will focus on mitigating the tax burden and lowering the personal income tax" because the tax burden must be "as favorable as possible," among other factors, to boost employment and help "the country. to grow in the medium and long term as far as possible, "said Franco, in a speech at the

Ambrosetti Economic Dialogue Forum

, which ends today in the Italian town of Cernobbio (north).

The

growth estimate of 5.8%

is higher than that offered by the Executive last April, when it calculated that the gross domestic product (GDP) would grow by 4.5% this year, and was already advanced this Saturday by the president of the Republic, Sergio Mattarella, who commented that Italy will grow 6% in 2021 and 7% in 2022.

"There is an intense recovery in gross domestic product (GDP), the data are encouraging, but the biggest challenge will be to grow structurally more than in the past," said the Italian minister.

He recognized that

there are no "magic wands" to get out of the crisis

derived from the pandemic, but that one of the crucial factors will be the correct application of

the Recovery Plan

, which has a total dimension of more than 200,000 million euros and will be financed with

191,500 million euros that Italy will receive

from the European Recovery and Resilience Mechanism and more than 30,000 million of its own resources.

The Italian Government must present before the end of this month an

update of the macroeconomic picture for this year

and the next three, which will help it to prepare the general budgets for 2022 that must be approved by the end of the year, once it has received the approval of the European Commission.

According to the criteria of The Trust Project

Know more

  • Italy

  • GDP

  • Mario draghi

  • Sergio Mattarella

  • European Comission

InterviewÁngeles Santamaría (Iberdrola): "A public electricity company is not the solution: Italy has it and its electricity is more expensive"

Interview Nadia Calviño: "With the light we do not have to take shortcuts that will lead us to greater evils in the future"

Frontiers of Knowledge Award Nobuhiro Kiyotaki: "We will need a fiscal adjustment plan from 2023 at the latest"

See links of interest

  • Last News

  • Holidays 2021

  • Home THE WORLD TODAY

  • Podcast Economia

  • FC Cartagena - Real Sociedad B

  • Tenerife - Ponferradina

  • Almeria - Malaga

  • Fuenlabrada - Lugo

  • Spain - Georgia, live