(Finance) – The deputy director of the European department of the European Monetary Fund, Helge Bergercriticized the Super bonus and these types of incentives explain that they do not help productivity. After the strong post-recession recovery, Italy’s economy is now moving towards growth rates “in line with potential”, underlined Berger during the press conference on the report on the prospects for Europe, and the slowdown that the IMF predicts on 2026 – with a limited +0.2% of GDP – reflects the disappearance of the Superbonus and the uncertainty about the funds of the PNRR.
Asked what to do to ensure a sustainable path for the debt public “at the top of the list are the incentives tax, many of which are not efficient to help Italy on the road to productivity. The Superbonus is an example of this – he declared – together with others”. Furthermore, in Italy “there are loopholes in the tax system that limit the tax base and revenues”, while according to Berger it is also necessary to intervene on subsidies to support the cost of living. On what could help: “ensure that reforms are on track. And then there’s a lot to do on reforms of instruction and on infrastructure“, he added.
Asked specifically about the project bridge over the Strait of Messina, from the International Monetary Fund responded that on infrastructure projects we usually look at overall investments and not at individual projects. “But it is clear that on every individual project, which is part of a plan in any country, you have to evaluate costs and benefits and you only want to do what has a net benefit. That must be managed with good governance. These principles apply to ‘Italy like any other country’.
In the report on the European economy, the IMF then underlined that in Europe and the euro area “the path of monetary policy easing must correspond to the evolution of underlying inflationary forces”. “A measured and gradual dynamic of accommodation is preferable in the baseline scenario, to ensure that monetary conditions do not ease too quickly or too slowly,” he added. At the same time, he reiterates the call to the Washington institution to withdraw the aid measures that had been put in place by governments during the last crisis, but not to undermine investments public And social protection systems.
According to the IMF the consolidation of accounts publiccombined with reforms on the side of the taxwill strengthen the sustainability of finances and restore margins against risks that could materialize later.
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