Mps, Tim, Pnrr, taxes, home, Bot and more, what the Meloni government will do (and what it won’t do)

22 April 20231 year ago babelfish

What the Prime Minister, Giorgia Meloni, said on the main economic and financial issues including Mps, Tim, Pnrr, taxes, housing, bots and more

Tim, Mps, Pnrr, taxes and more. An all-round interview on the main economic and financial issues that released by Prime Minister Giorgia Meloni to the weekly Milano Finanza .

Here are the essential points touched by Meloni's interview.

MELONS ON TIM

"On the Tim dossier, it is necessary to wait for the conclusion of the evaluation procedures of the offers presented by some financial operators , the government does not intervene, it observes that there are no situations that put the national interest at risk". This is what Prime Minister Giorgia Meloni said , after the huffing and maneuvering of Tim's major shareholder, the French group Vivendi, on the network dossier and beyond ( here the in-depth analysis from Start Magazine )

WHAT WILL THE GOVERNMENT DO ABOUT MPS

“We must not repeat the mistakes of the past. We confirmed Lovaglio at the helm of Monte dei Paschi, the managing director successfully completed the last capital increase and now we need to work to bring Monte back to the private market”. Thus the Prime Minister Giorgia Meloni, in an interview with the weekly Milano Finanza of the Class editori group. "We want to manage the state's exit from MPS capital in an orderly manner to create the conditions in Italy for there to be more banking centres," he added.

PNRR FILE

“On the Pnrr I hear and read things that don't exist. As Minister Fitto has already explained in various institutional settings, the government and the majority are working with the European Commission to resolve some structural problems of the plan”, said Prime Minister Giorgia Meloni in an interview with Milano Finanza. “But the Pnrr, mind you, is not a problem, but a great opportunity that the government will not let slip, despite the mistakes and delays it has inherited. This is why we are working to remodel the plan and resolve the critical issues, focusing on those projects for which the funds can be spent within the plan's deadline", he added.

CHAPTER DEF

"We have presented a serious Economic and Financial Document, the GDP growth forecasts are revised upwards with responsibility, the economy is doing better thanks to the interventions implemented since it took office by the government, first of all the budget law, in drop in the price of raw materials, the slowdown in inflation and the recovery in consumption, also due to the climate of confidence that has been registered in Italy since the current executive has been in office”, explained Meloni.

FORECASTS

“From the hypothesis of a recession foreseen by many or even from the forecasts of a timid +0.6% of GDP in 2023 contained in the Budgetary Planning Document of last November, moving to a growth in GDP of 1% is no small result account, also considering the low growth rates that Italy has recorded in the last 20 years, excluding the post-pandemic two-year period".

THE EXPECTATIONS

"We would also like to find ourselves at the end of the year in the position of announcing better results – he added – compared to what is currently forecast and not, as happened very often in the past, having to revise downwards, even markedly, the forecasts contained in the Def".

THE FIRST HOUSE DOES NOT TOUCH

"As I have had the opportunity to say on several occasions, we consider the house, especially the first home, a sacred asset and this government will never, ever be able to introduce an increase in taxation", assured the premier.

THE TAXATION OF FINANCIAL INCOME

"In Italy, financial income is currently taxed for Irpef subjects with a 26% levy applied directly by intermediaries, except for government bonds for which the rate is 12.5%", adds Meloni.

NUMBERS ON TAXATION AND COMPARISONS

“Italian taxation of government bonds is lower than that applied by most EU countries (12.5% against about 17% of the average) while it is higher for corporate bonds”, he notes. "A further reduction does not seem conceivable at the moment without creating inequalities in treatment, as moreover indicated in the tax delegation approved by the Council of Ministers on 16 March".

SUPERBONUS

"The government had the courage to correct an intervention which, as it was conceived, was certainly politically very advantageous for the few but disastrous for public finances, which created and risked continuing to create serious problems for public finances", he underlined the Prime Minister Giorgia Meloni, speaking, of the 110% building superbonus.

TAX CREDITS

“Our choice to bring the tax credit to 90% and block the credit transfer mechanism for new interventions – he explained – was a dutiful and responsible decision, always taking care at the same time to protect all the subjects involved, both businesses and citizens, and to solve the problem of stranded tax credits”.

CUT TO THE TAX WEDGE

"We believe that the first to set an example must be those like us who, after all, are privileged, so I have decided to hold a Council of Ministers today where many Italians will still be in the workplace, among the forces of order, among those who take care of the sick in hospitals, in transport, in restaurants, hotels, places of culture, including the technicians engaged in Piazza San Giovanni in the Concertone of May Day. It is an important day that the government will devote to work, making decisions about work."

APPOINTMENTS CHAPTER

They then talk about the government appointments at the top of the companies controlled or owned by the state ( here the in-depth analysis of Start Magazine ) Meloni says she is “satisfied, it was an excellent team work by the government which comes out strengthened. We have indicated the new administrators by looking at competence and not at membership. And for the first time in the history of large companies listed and owned by the state we have a woman CEO. Eni, Enel, Leonardo, Poste and Terna are different companies that all have a common goal: to obtain solid and lasting economic results in the interest of the nation they represent all over the world”.

“These companies and their administrators face enormous challenges in an increasingly competitive landscape. The government's mission – he added – is to create the best conditions to foster its growth, guarantee its independence, boost investments in Italy and its ability to penetrate international markets”.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/mps-tim-pnrr-tasse-casa-bot-e-non-solo-cosa-fara-e-cosa-non-fara-il-governo-meloni/ on Sat, 22 Apr 2023 09:18:39 +0000.