Here's how to balance the budget immediately

When Cavour decided to relaunch the economy in Piemonte, he expropriated the ecclesiastic mortmain: not only for budget reasons but also because the church property was poorly managed and slowed economic growth. Banking foundations are the mainmort of today. It is taxpayer property that was appropriated by politicians with the Amato law. Today it is a source of prebends and political influence under the cloak of a social function. Taking back these assets and reselling them to reduce the public debt would not only help the State budget, but would also liberate economic life from political intermediation.

3 Privatization of municipally-owned companies for 30 billion with a savings of nearly 1 billion in interest annually.
The Treasury estimates the book value of the municipally- owned companies' business at 100 billion. Taking into account the debts and a possible market discount, we estimate that nearly 30 billion could be raised. Obviously, the privatization of these companies needs regulating in order to avoid the abuse of the market power possessed by several of these companies.

4 Reducing the cost of the political system: approximately 8 billion.
There are many estimates on the savings arising from the abolition of the provinces; we shall use a cautious figure and say 3 billion. According to this past Monday's Sole 24, the cost of the boards of administration of the associated companies, dedicated cars, intermediate agencies and outside consultants come to a total of 7.5 billion. This expense could undoubtedly be halved without any negative effect (rather, probably with a positive effect) on the efficiency of the public administration. The total cost of the House and Senate is 1.7 billion per year. Reducing the number of deputies and senators by half (bringing the number close to the European average) as well as halving the retirement annuities for former deputies and senators would save approximately 900 million. This is another operation that does not negatively impact any category that runs the risk of social marginalization. It has positive effects on growth because it raises the quality and competency of the remaining deputies and senators.

5 Cutting company subsidies and incentives: 5 billion.
It is extremely difficult to follow the flow of subsidies and incentives given to companies. A cautious estimate is nearly 7 billion, but the amount could be much higher, depending on the criteria used for the calculation. The overwhelming majority are useless or harmful, because they anesthetize business spirit, leading companies to specialize in obtaining subsidies and incentives instead of producing and innovating. These subsidies and incentives are a limitless source of corruption, political diatribe, useless projects and actual fraud.

©RIPRODUZIONE RISERVATA