They should have divided the public accounts. Financial markets would have consumed the savings of our country’s taxpayers. Tax evaders would have visibly multiplied. Essential services (mainly healthcare) would have been cut and pensioners would have literally starved to death. Reading these dire predictions today almost makes you laugh. But just think about August, September 2022, during the last election campaign, to remember how the center-left feared this apocalyptic scenario for Italians. Which, fortunately for everyone, they didn’t even take into consideration. Another demonstration that the path taken, despite a thousand difficulties, is the right one, comes from the careful analysis of the CGIA Studies Office.
It will be an excellent Christmas for the State coffers. In the first ten months of this year, the Treasury raised 28 billion euros more than in the same period in 2022 (equivalent to +4.4 percent). “An impressively higher revenue, equal to 1.4 points of GDP, which is certainly destined to increase even more, given that with the tax deadlines of November and December it is very likely that the highest tax and social security revenues for this year grow even further by several billion.” But the most significant aspect is how the increase is not attributable to an increase in the tax burden on families and businesses, specifies the CGIA, but rather to the combination of some distinct economic aspects, such as economic growth moderate that occurred in 2023, the increase in inflation, the increase in employment and the renewal of some employment contracts.
In 2023, another aspect worth highlighting, the tax burden is decreasing to 42.5 percent, 0.2 percentage points less than the 2022 value, to pre-Covid levels. A correct path, but one that obviously must be continued. In fact, the average for the 27 EU countries stood at 40.6 percent, 2.7 points lower than here. Above all, Ires and Irpef grew, while the first registered an increase of 15.7 percent in the first ten months compared to the same period in 2022 (+4.3 billion euros), while the second increased 8.2 percent cent (+13.6 billion euros). euros). Among indirect taxes, however, VAT revenue increased by 1.7 percent (+2.2 billion euros).
Source: IL Tempo
Emma Fitzgerald is an accomplished political journalist and author at The Nation View. With a background in political science and international relations, she has a deep understanding of the political landscape and the forces that shape it.
