Gualtieri: 'Maneuver of 40 billion with recovery, 22 in deficit

A rebound in GDP up to + 6%, thanks to a maneuver of 40 billion between deficit margins and advance of the Recovery Plan funds.

At the end of a long day of technical and political meetings, the government finds a "strong understanding" on the new macroeconomic framework to be drawn with the Update Note to the Def, which will be presented tomorrow evening in the Council of Ministers to be approved, however, in a subsequent meeting on Sunday, when the changes to the security decrees will also arrive on the government table. Italy is "resilient" had assured the premier, Giuseppe Conte, in the morning, reiterating that the GDP, despite the crisis triggered by the Coronavirus, will record a collapse but in a single figure. The gross domestic product in the Nadef will in fact be expected at -9% in 2020, with a rebound to + 6% in 2021 - with the debt at 158% of GDP - thanks also to the "strong recovery of public investments" pushed by the Recovery Plan. In fact, such a sustained growth rate will be guaranteed both by EU funds and by a "very significant fiscal expansion" for 2021, with indebtedness that will increase from 5.7% to 7%. Therefore, deficit margins are opened for the maneuver of about 21-22 billion which, together with the first European funds, will guarantee resources for 40 billion, as explained on TV by the Minister of Economy Roberto Gualtieri. Precisely the use - and the relative accounting - of the European anti-Covid funds is one of the nodes that has slowed down and made it more complex the drafting of the document that will frame the next budget law.