” 2021 was a year of strong recovery and the available data for the fourth quarter are also positive ”. Overall, the growth of gross domestic product ” should approach 6.5% and in 2022 the consensus forecasts indicate growth of more than 4% ”. However, this year’s estimates are “conditioned by the continuation of the pandemic, by international tensions and above all by the increase in energy prices”. The Minister of Economy, Daniele Franco, releases the first estimates of the ministry of 2022 and reiterates the goodness of the measures that the government has taken, ensuring that if necessary, the government will intervene with new interventions. Compared to the forecasts released a few days ago by Bank of Italy (+ 6.3% in 2021 and + 3.8% in 2022) the numbers are better; while the comparison with the Istat forecasts of December (+ 6.3% in 2021 and + 4.7% in 2022) shows a positive difference for last year and a negative one for this year. In 2022 “support for growth will come from the budget law, which has a clearly expansive tone”, recalls the minister. ” The goal is to support the economy in a decisive way until the economy and employment have recovered not only the fall, but also the lack of growth compared to the level of 2019 ”, explains Franco. ” After a quarter of a century of stunted growth, significant growth rates need to be achieved over the next few years. In this regard, the implementation of the NRP will be fundamental: it is 191 billion of community resources, to which the government has added national resources for over 30 billion with the complementary fund ”. In addition to investments, Franco explains, “there is a program of reforms concerning justice, public administration, the simplification of procedures, competition”. With these numbers, according to the minister, “in the first quarter of 2022 we should recover the pre-crisis production level”. ” To support the sectors in difficulty and contain the price of energy, the government has just launched new interventions for over 3 billion. Added to that provided for in the budget law, the measures for the cost of energy for families and businesses in the first quarter amounted to approximately 5.5 billion ” to which ” are added the almost 5 billion interventions in the second half of 2021 ‘ ‘. In addition to the 10.5 billion euros put in place for the period from July 2021 to March 2022 ”, other interventions may be adopted in relation to the evolution of the situation. It is absolutely necessary to avoid that the cost of energy blocks the recovery ”, underlines Franco. On the fiscal front, the maneuver allocated one billion to the intervention on the IRAP and 7 billion to the intervention on the personal income tax. In particular, the intervention on income tax for individuals ” reduces the effective average rate, especially for those taxpayers who had not benefited from tax relief in recent years. In addition, some peaks in the effective marginal rate, which exceeded 60% for some income brackets, have been reabsorbed ”. ” Now the effective marginal tax rate for employees has a simpler and more rational structure, at 3 levels: 23%, 34% and 43% ”. ” The revision of the tax levy and the tax system must be an integral part of the recovery process of our country ”, underlines the minister. ” This is the start of the overall reorganization of the tax system ” which ” can be perfected and completed within the delegation to be examined by the parliament ”. ” We are confident that these measures will help strengthen the recovery of our economy. They will obviously need to be consolidated and strengthened ”, explains Franco. ” The goal is to make our country more dynamic, to increase the quantity and especially the quality of employment, to achieve a higher rate of growth in GDP and income than in the last quarter of a century ” . And to conclude, the minister announces an important victory: “We are finally increasing the production potential of the country”.
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