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by Tiziana Di Giovannandrea

April 24, 2021

Of the 64.7 billion euros of direct aid made available by the Conte and Draghi governments to economic activities to deal with the Covid-19 emergency, just under 50 percent has not yet been accredited, since these are resources largely provided for with the 2021 Budget Law. This is the estimate made by the CGIA Research Department, according to which only 22.8 billion are non-repayable resources (equal to 35.2 per cent of the total). If compared to the approximately 350 billion euros of contraction in turnover recorded by Italian companies in 2020, these 64.7 billion "cover" only 18.5 percent of total lost collections.



Necessary speed of delivery of support measures


According to the CGIA, "the Draghi government must accelerate not only on the vaccination front, but also on the speed of delivery of measures in support of micro enterprises and self-employed workers. The next Sostegni decree will be an important test. the economic dimension will have to be decidedly more consistent than the measures previously approved, but also because they will have to arrive in the current account of entrepreneurs very quickly ".



Micro enterprises and self-employed realities most affected by the crisis


The CGIA recalls that of the 35.5 billion euros of aid so far foreseen for the current year, 6.5 will allow the Inps deduction for new hires and another 6.3 will be disbursed as tax credit for investments. If we add the 2.5 billion Inps deduction from VAT numbers that last year lost more than a third of turnover, these 15.3 billion euros (equal to 43 percent of the total aid for 2021) " it is unlikely - claims the CGIA - that they will be the prerogative of micro enterprises and self-employed workers who have been the most affected by the crisis. Firstly, because at this moment they certainly do not need to hire; secondly because they certainly do not have liquidity to activate new investments; thirdly, due to theabsence of the decree of the Ministry of Labor which had to be approved within the first days of last March, they cannot yet benefit from the INPS contribution discount ".



The Association chaired by Roberto Bottan indicates that "our main problem is not the closures imposed by decree by our Government, given that currently in all the other main European countries the confinement measures are more stringent than ours, but economic aid, which arrived at us insufficiently and with serious delay. Elsewhere, however, they were paid promptly and with very important dimensions ".

The CGIA underlines the importance of saving Italian micro and small businesses because this means "safeguarding an important slice of the economy of our country. The numbers are eloquent. Net of civil servants, businesses with less than 20 employees make up 98 percent of the companies present in the country and employ the majority of Italians, that is to say 54.6 percent of the employed. Furthermore, these micro realities produce 37 percent of the annual national added value "underlines the Note.



Competitiveness of the country is affected by the absence of large companies 


According to the Association of artisans of Mestre, "with an economy based on very small companies, but with gigantic economic / employment performance, the competitiveness of our country has been affected above all by the absence of large companies. For many decades, in fact , the latter have disappeared, certainly not due to the excessive number of small production companies present in Italy, but due to the inability of the large players, mainly of a public nature, to withstand the challenge launched by globalization ".