Italy: Toward a Growth-Friendly Fiscal Reform

Released on by Michal Andrle
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  • Italy: Toward a Growth-Friendly Fiscal Reform Book Detail

  • Author : Michal Andrle
  • Release Date : 2018-03-16
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 38
  • ISBN 13 : 1484348044
  • File Size : 86,86 MB
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Italy: Toward a Growth-Friendly Fiscal Reform by Michal Andrle PDF Summary

Book Description: Published in late 2017, the Italian medium-term fiscal plan aims to achieve structural balance by 2020, although concrete, high-quality measures to meet the target are yet to be specified. This paper seeks to contribute to the discussion by (i) assessing spending patterns to identify areas for savings; (ii) evaluating the pension system; (iii) analyzing the scope for revenue rebalancing; and (iv) putting forward a package of spending cuts and tax rebalancing that is growth friendly and inclusive, could have limited near-term output costs, and would achieve a notable reduction in public debt over the medium term. Such a package could help the authorities balance the need to bring down public debt and, thus, reduce vulnerabilities while supporting the economic recovery.

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