What the government will do about guarantees and deficits

What the government will do about guarantees and deficits

Little liquidity blamed on banks? No, the government had allocated few resources, making a zero balance liquidity decree. We need a new budget shift. The comment by Enrico Zanetti, tax advisor and former deputy finance minister

It is easy to say "it's the banks", but if for many weeks the release of guarantees by the PMI Fund has been slow, it is also because the government had allocated few resources, making a zero-balance liquidity decree and postponing the April Decree until mid-May.

Now resources are running out again because the government has chosen to put 31 billion on Sace and only 5.7 billion on the PMI fund for mere "accounting strategy" issues between the net balance to be financed and net debt.

Strategies which, on the other hand, are not even on a technical level, as we have explained since April and as both the opposition political forces and the financial and accounting institutions have highlighted during the hearings.

And now, without petrol, the car is in danger of slowing down again after starting with great delay.

We need a new budget shift, with all the procedural problems and the time it entails, when it would have been enough to do it in the right measure in April.

Then let's just say it's the banks' fault.


This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/che-cosa-fara-il-governo-su-garanzie-e-deficit/?utm_source=rss&utm_medium=rss&utm_campaign=che-cosa-fara-il-governo-su-garanzie-e-deficit on Sat, 13 Jun 2020 05:31:34 +0000.