Italy : Toward a Growth-Friendly Fiscal Reform /

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 savin...

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Autore principale: Andrle, Michal
Altri autori: Hebous, Shafik, Kangur, Alvar, Raissi, Mehdi
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2018.
Serie:IMF Working Papers; Working Paper ; No. 2018/059
Accesso online:Full text available on IMF
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245 1 0 |a Italy :   |b Toward a Growth-Friendly Fiscal Reform /  |c Michal Andrle, Shafik Hebous, Alvar Kangur, Mehdi Raissi. 
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520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Hebous, Shafik. 
700 1 |a Kangur, Alvar. 
700 1 |a Raissi, Mehdi. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/059 
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