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April 29, 2020 "We have presented a reduced and simplified Economic and Financial Document on the basis of EU guidelines. The required variance is very significant, amounting to 55.3 billion in debt, an increase in requirements of 65 billion and a net balance of of € 155 billion. These are impressive figures, the use of which, however, is necessary to continue the necessary economic support for families and businesses already started with the previous measures and to help the recovery of the economy ". So the Minister of Economy Roberto Gualtieri in the Chamber in the Chamber on Def and deviation.

"Faced with the unexpected and substantial shock," the government "responded with timely and significant interventions", continued Gualtieri recalling that, including the next provision, "overall the deviation is approximately additional 75 billion for 2020 alone in terms of net debt and 180 billion of budget allocation ". It is, he reiterated "of a powerful expansive maneuver, of an entity never reached since the post-war period to date" which, however, "does not endanger the sustainability of public finance, on the contrary it is a condition for its strengthening". "The quantitative dimension of the intervention put in place by the ECB - he added - is such as to guarantee support commensurate with the size of the greater debt that all countries will have to place to face the crisis".

" We are still facing difficult times but the spirit of unity that has pervaded the country in this dramatic period and which I hope will be reflected in a broad and constructive dialogue on the measures to be launched and in broad support for the request for deviation that this government addresses to Parliament , makes me believe that with perseverance and determination we will be able to overcome this moment, "said Gualtieri, continuing his speech in the Chamber and announcing:" To support the expenses of citizens and businesses for the purchase of health devices and personal protective equipment we will fully exempt the sales of these goods from VAT for the whole of 2020 and, as from January 1, 2021, we will reduce the VAT rate to 5% ".

"Budgetary policy - reassured the Minister of Economy - will be expansive in both 2020 and 2021. In the following years we will have to reduce the deficit and the debt / GDP ratio. The results achieved in 2019 show that it is not necessary to impose tear measures and blood, but continue to work to increase tax revenues at equal rates through a serious policy to combat tax evasion supported by innovation, organization and qualified human resources ". And he concluded by reiterating that alongside support for citizens and businesses "there will also be a revitalized plan articulated on innovation, research, public investment, streamlining of administrative procedures. Before the crisis, we were already working on important tax reforms, public spending , investments, Green and Innovation Deal. This work will resume and be completed as soon as conditions permit. "