Economy

How a home-improvement aid is actually trashing Italy's public funds

.JUST dealing with it "provides me a tummy soreness", said Italy's financial minister, Giancarlo Giorgetti. He was actually referring to a home-improvements aid that has become the financial substitute of King Kong: a monster running riot, damaging the nation's seldom-robust open accounts. On April 9th Mr Giorgetti revealed that insurance claims of the subsidy, known as the "superbonus", made in the 4 years that the plan has been actually running, along with cases of one more that offsets the expense of refurbishing fau00e7ades, will inevitably drain pipes the treasury of EUR219bn ($ 233bn). That is practically 10% of Italy's GDP in 2015. Exactly how in the world performed factors get to this aspect?

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