Stability, the alarm of the Court of Auditors: maneuver deficit that leaves many unresolved issues, from Pa pensions – Il Sole 24 Ore

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This article was published on November 3, 2015 at 9:47.
The last modification is of November 3, 2015 at 11:11.

With the law of stability in 2016 the government decided to make maximum use “of space flexibility available, reducing explicitly margins of protection of the public finances, “choice but” leaves unresolved the background (clauses, public contracts, pensions) and important issues such as the final reorganization of the system of financing of local government bodies. ” In the Senate hearing the President of the Court of Auditors Raffaele Squitieri warns the Parliament on hidden risks of the maneuver.

In 2017 the necessary spending cuts to reabsorb calusole safeguard
Among the “flaws” of the Stability highlighted by the President of the Court of Auditors to the Annual joint committees of the House and Senate, the fact that this “reflects the temporary nature of some roofs and the persistence of safeguard clauses postponed to the future.” In order to effectively absorb such clauses in 2017 and in 2018 it will be necessary to identify “significant budget cuts or revenue increases, albeit rendered less onerous by the benefits of higher growth.”

Tax Rates VAT, lack opportunity for reorganization
A missed opportunity, for Squires, also the reorganization of VAT rates, which increased, “sterilized” by law Stability , it should not be canceled but undergoing an operation more complex. “Despite the reduction in spending already discounted in the trend is challenging, said the Chairman of the Court, the economic conditions could recommend the adoption of measures on fiscal spending (for example dealing with a complex intervention on VAT reduced rates or on the same structure VAT rates) possibly muffled (but not canceled) with relief measures. “

slowdown and deflation emerging obstacles to resumption Italian
In his analysis, showed Squires Also the fact that the maneuver seems regardless “by uncertainty that characterizes the international economy,” which “is bound to reverberate on Italian economy, whose recovery after a long recession, is now based on encouraging data but not unique. ” Extremely damaging to restart Italian could come in particular from the slowdown of the emerging countries, “clear risk for the consolidation of our recovery,” said Squires. Another risk is highly likely that the deflation and interrupt the ongoing recovery. Then the government has done well, in this mixed picture, “not affect negatively on the prospects of the country, moving in the direction of further review of the strategy of fiscal policy and the objectives of convergence towards the structural balance of the budget ‘ .

Stop taxes first house, Tasi will weigh too much on non-residents
Squires was particularly causto realized on property taxation, a cornerstone of the law of 2016 Stabiliutà which it appears “even without a defined physiognomy.” The apetto more problematic, accounting for the judiciary, the criteria for distribution among local authorities of the reinstatement of the Tasi funds on first homes. The “greater benefit”, explained the President delal Court accountant, will go to organizations that “have activated the toll using up their fiscal capacity, which is well crystallized,” and the community that “could appear yesterday as the most ‘disadvantaged “can enjoy its benefit next year. How to stop the tax on first homes, Squires said that “the main source of funds operated by institutions regard to housing than the first,” with the result “that the majority of services provided by the municipalities will bear indivisible rule of not residents. ” That, as such, are not “able to operate the” political control “on the work of the directors by voting.”

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