25 billion euros more to support the economy

25 billion euros more to support the economy

The Italian government has adopted a decree comprising a series of measures aimed at supporting businesses and protecting jobs.

Giuseppe Conte - Image d'illustration

© Palazzo Chigi Press Office – AFP
Giuseppe Conte – Image d’illustration

The Italian government adopted a decree on Friday evening containing a series of measures in the amount of 25 billion euros to support the economy of the peninsula, hard affected by the pandemic of the new coronavirus.

Among the main measures of this decree adopted by the Council of Ministers, which has no less than 103 articles, notably appears the spread over two years of the payment of taxes which had been suspended in March, April and May due to the pandemic.

With this new decree, “we protect jobs, we support workers, we reduce tax deadlines, we help regions, local communities and the South. We continue to support citizens, businesses and workers”, estimated Prime Minister Giuseppe Conte during a press conference after the Council of Ministers.

Limited layoffs

Dismissals can only take place after 18 weeks of technical unemployment or 4 months of tax deductions for companies having returned their employees to work. More advantageous taxation will be put in place for the regions in the south of the country, which are notoriously less developed. Companies with activities in the Mezzogiorno will thus benefit from a deduction of 30% of social contributions from October 1 to December 31, 2020.

“We know the infrastructure deficit in the South, which is less competitive, and we want this gap to be bridged. We are not dividing Italy in two and we are offering recovery aid to the most disadvantaged areas for recovery. all over Italy, ”commented Giuseppe Conte.

Regarding cruise and trade show activities, “we don’t want any new restrictions,” he explained. The new decree “provides for the restarting of cruise ships from August 15” and the resumption of fairs “from September 1”. The emergency income, in the amount of 400 to 800 euros depending on the composition of the family, will be extended.

The government is also mobilizing nearly 500 million euros to pay for overtime for health personnel. While Italy, like other countries, must face resurgences of the coronavirus, Mr. Conte announced the extension until September 7 “of minimum precautionary measures: compulsory masks, distance of one meter, ban on gatherings , frequent hand washing “. “These are minimum rules, we don’t want new restrictions,” he stressed.


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