Chinanews.com, November 3, according to a report from the Internet of Europe, the Italian cabinet last week passed a draft of the national budget law for 2022 with a total scale of 30 billion euros.
According to the announcement issued by the Italian cabinet, the draft budget law aims to provide support for the national economy to get out of the impact of the epidemic, consolidate the medium-term economic growth momentum, and reduce the tax burden of households and businesses.
According to reports, Italy's fiscal budget in 2022 will account for about 1.2% of GDP, of which 8 billion euros will be used for tax cuts.
The budget plan covers various measures such as pension system, national subsidies, tax cuts, public investment, enterprise support, employment fields, health and education funds.
According to the draft budget law, the Italian government expects to allocate 8 billion euros to reduce the regional production tax (IRAP) and tax wedge to reduce the tax burden of employees; allocate 650 million euros to postpone the plastic tax and sugar tax until 2023; The value-added tax on feminine hygiene products was reduced from 22% to 10%; 1 billion euros were allocated to control the increase in energy costs.
The draft budget law stipulates that from 2022 to 2036, the central and local administrations of Italy will allocate about 70 billion euros for the construction and maintenance of infrastructure such as railways, subways, and highways, and it will be the Roman Catholic Jubilee (2025) and Milan-Cortina Winter Olympics (2026) allocate funds; allocate 1.5 billion euros for local public transportation funds and nursery facilities maintenance, etc.; among them, SME guarantee funds and measures to promote corporate internationalization will all be refinanced; The deduction period for deferred tax assets (DTA) is extended to June 30, 2022.
The draft budget law will receive an additional 1 billion euros in national subsidies each year, and at the same time tighten policies on the distribution of funds and the work arrangements for welfare recipients.
In addition, the Italian government will allocate 3 billion euros to increase unemployment benefits and extend the scope of wage protection to apprentices and home workers.
The draft plans to set up a "cultural bonus" for 18-year-olds for a long time; the preferential tax policy for the first homes of young people under 36 will continue until 2022.
The draft budget law will also allocate 1.8 billion euros for the purchase of new crown vaccines and drugs.
From 2022 to 2024, an additional 2 billion euros will be allocated to the National Health Fund each year, of which a total of 600 million euros will be allocated to the innovative drug fund, and support for medical research and medical positions will be increased.
The draft budget law is the first budget draft issued by the Draghi government.
Italian Prime Minister Draghi stated that the government will reduce taxes and promote investment through this expansionary budget, so as to maintain economic growth to solve public debt, insufficient welfare and other social problems, and to lay the foundation for maintaining high economic growth in the future, and Other social reform issues that have not been realized in the past few years.
(Huang Xin)