• Economy, Gualtieri: starts to rise, strong rebound in the third quarter

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July 29, 2020 The government has so far made "a huge effort" to counteract the effects of coronavirus, putting in place measures "for 6 percentage points of GDP", about 100 billion. Thus the Minister of Economy Roberto Gualtieri, speaking in the Senate before the vote on the National Plan of recovery and deviation.

Of these, "35 billion have gone and will go for work and shock absorbers, more than 40 for businesses more than 12 for the Regions and local authorities, more than 11 for health, school and social services".

Debate with Parliament
The recovery "is already underway", as shown by the May production data "and we estimate that the recovery continued in June and July. Of course the extent of the fall in March and April was such that the second quarter will record on average a sharp fall in GDP, however, followed by an equally marked rebound in the third quarter, said the Economy Minister. The so-called August law decree, he added, "will be launched next week also on the basis of a constructive confrontation with Parliament" .

"from this debate, by the media, by the resolution - said the minister - it seems to me that the availability of the opposition to vote" deviation "is making a number of requests for method and substance of tax, labor and pensions . I would like to say that many of the measures that I anticipated derive from the parliamentary dialogue and with the opposition, as well as with the relationship with Regions and local bodies of majority and opposition ".

Incentives for employment
On the various requests, Gualtieri reported the guarantee of the necessary resources to comply with the ruling of the Consulta on invalidity pensions; in the labor sector he reported that there will be incentives of a contributory nature for employment; finally on the tax authorities "it is necessary to take into account the costs of the proposed interventions with respect to the size of the difference in this case - he reported - the availability is that of an in-depth confrontation also with the opposition on the specific contents of the decree ".

The advances in the hearing
Tuesday, the Minister of Economy Gualtieri, in the hearing of the joint budget committees of the Chamber and the Senate, had said that intervene again with a new deviation from 25 billion, to be allocated to scu ola, local authorities, employment, work and tax. In particular, for companies, targeted interventions for automotive and tourism, incentives for hiring and for those returning to work, derogations on fixed-term contracts, extension of smart working. Minister Gualtieri also announced another 18 weeks of Covid layoffs, more selectively, based on company turnover.

On the tax front, Gualtieri excluded the use of a double plastic tax, European and national, and the balance sheet. To support liquidity, the aim is to reprogram the tax due dates, pay the installments in installments, defer the payment of the tax collection notes due at the end of August, re-schedule the balance-advance payment for VAT numbers.