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Standardized public guarantees to be included in net debt

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ACCOUNTING

The «third COVID decree – 19 »will have an incremental effect on the 2020 deficit equal to 55 billions against 155 billion net balance to be financed

The DEF 2020 and the accompanying report to Parliament highlight that the expected “Third COVID decree – 19”, after those “Cura Italy “(DL 18 / 2020 ) and “liquidity” ( DL 23 / 2020 ), will have an incremental effect on the deficit (debt net) of 2020 in an amount equal to 55 billion . A considerable amount (that of the Cura Italia decree was 19 billion, while the liquidity decree was “zero balance” ), but significantly lower than 155 billions of net balance to be financed for which the deviation is requested on the same year 2020.
The non-coincidence between net balance to be financed and deficit is physiological , since the perimeter of operations that combine to form the two balances is different (the deficit is the balance of the income statement, while the net balance to be financed also includes the items of a purely financial nature),  » Read More

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