|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Italy||05||05 - Health and income support||EUR||115,805,000,000||128,102,876,106|
|Italy||05A||05A - Health support||EUR||11,450,000,000||12,665,929,204||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 April 2020); Milano Today. https://www.milanotoday.it/attualita/coronavirus/decreto-rilancio.html#13 (24 May 2020);||
(i) EUR3.2 billion for the national health service and to support civil protection; (ii) EUR3.25 billion for healthcare as part of the additional additional EUR55 billion rescue package announced on 13 May; (iii) May 15, EUR5 billion support to the health sector under the Relaunch Decree.
|Italy||05B||05B - Income support||EUR||104,355,000,000||115,436,946,903||OECD. http://www.oecd.org/coronavirus/en/ (accessed 15 May 2020); MIPAAF. https://www.politicheagricole.it/flex/cm/pages/ServeBLOB.php/L/IT/IDPagina/15431 (accessed 18 May 2020); Milano Today. https://www.milanotoday.it/attualita/coronavirus/decreto-rilancio.html#13 (18 May 2020) IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#F (accessed 21 May 2020); Bloomberg. https://www.bloomberg.com/news/articles/2020-05-13/italy-government-signs-off-on-55-billion-euro-stimulus-package (accessed 24 May 2020); Ministry of Infrastructure and Transport, Italy. Ministry of Labor and Social Policies. http://www.mit.gov.it/comunicazione/news/coronavirus/coronavirus-da-de-micheli-60-milioni-per-sostegno-locazione (accessed 25 May 2020); https://www.lavoro.gov.it/notizie/pagine/bonus-covid-per-iscritti-alle-casse-professionali-firmato-decreto-interministeriale.aspx/ (accessed 16 June 2020); Ministry of Agricultural, Food and Forestry Policies. https://www.politicheagricole.it/flex/cm/pages/ServeBLOB.php/L/IT/IDPagina/15731 (accessed 18 July 2020); Ministry of Agricultural, Food and Forestry Policies. https://www.politicheagricole.it/flex/cm/pages/ServeBLOB.php/L/IT/IDPagina/15734 (accessed 20 July 2020); MISE. https://www.mise.gov.it/index.php/it/198-notizie-stampa/2041375-banda-ultralarga-firmati-i-decreti-attuativi-per-600-milioni-di-euro-nel-piano-scuola-e-nel-piano-voucher-famiglie (accessed 19 August 2020); MEF. https://www.mef.gov.it/inevidenza/Decreto-AGOSTO.-Sud-imprese-e-lavoro-25-miliardi-per-far-ripartire-lItalia/ (accessed 5 September 2020); MEF. https://www.mef.gov.it/ufficio-stampa/comunicati/2020/Positivo-incontro-fra-il-Ministero-dellEconomia-e-delle-Finanze-e-le-associazioni-dei-commercialisti/ (accessed 3 October 2020).||
For individuals: (i) EUR5.0 billion to strengthen the wage supplementation scheme for furloughed employees; (ii) EUR400 million for one-year suspension in the repayment of real estate mortgages by workers having lost their job; (iii) EUR2.3 billion for one-off EUR 600 payment to the self-employed &seasonal workers; (iv) No amount/estimate: Allowance of EUR500 per month for up to 3 months for self-employed workers in the municipalities most affected; (v) EUR1.3 billion to strengthen childcare support; (iv) EUR30 million for EUR1000 childcare payment to employees in the healthcare and law enforcement sectors; (v) EUR5 million to raise by 12 days the paid leave for disabled workers and workers caring for a disabled relative; (vi) EUR130 million to extend sick leave to cover days spent in quarantine; (vii) EUR900 million for a EUR100 one-off bonus to workers who continued to work at their workplace. For companies: (i) EUR540 million for 60% tax credit on commercial rents; (ii) EUR50 million for incentives to firms to sanitise workplaces; (iii) EUR600 million for suspension of collection of tax collection files; (iv) No amount/estimate: Suspension for 2 months of tax and social security payments in the municipalities most affected; (v) EUR10 billion for suspension of all the tax and social security payments coming due in March; (vi) No amount/estimate: suspension of 2 months (until end of April) in the payment of the electricity, gas, water and waste bills in the most affected municipalities; (vii) No amount/estimate: Non-application of withholding tax for professionals without employees, with revenues below EUR400,000 until 31 May 2020; (viii) No amount/estimate: Incentive to sell impaired loans (NPLs) by converting deferred tax assets (DTA) into tax credits for financial and industrial companies; (ix) EUR1.7 billion to provide fee-free guarantee for SMEs loans; (x) EUR500 million Emergency Fund to protect supply chains in crisis”, to cover damage by the agricultural, fishing and aquaculture sector, and “and the slowdown in exports” (especially for livestock). It is a partial compensation of stocks (costs of storage and seasoning of these products); (xi) May 7, New Covid-19 emergency fund of EUR 100 million to agriculture sector (interest subsidy and direct aid); (xii) May 13, the government announced a further EUR55 billion rescue package of measures. Measures include further income support for furloughed workers, freelancers and unemployment benefits (EUR26.5 billion), funds for the healthcare system (EUR3.25 billion), measures to support businesses, including grants for SMEs and tax deferrals (EUR16 billion), EUR1.2 billion for the food and agriculture sector, and EUR1.4 billion for schools, including hiring university researchers and teachers ; (xiv) May 6, EUR60 million to the National Fund for support to access in housing rental; (xv) 8 June, Decree that allows for the automatic disbursement of an April payment worth EUR600 to Italian free-lancers who benefitted from an analogous bonus for the month of March. The payment is a form of unemployment compensation related to COVID-19 (a so-called "Covid bonus"); (xvi) July 9, Allocated EUR100 million to the wine sector to compensate for its voluntary reduction in production during the COVID-19 pandemic; (xvii) July 9, Allocated EUR90 million to support livestock supply chains in crisis; (xviii) August 10, Ministry of Economic Development signed implementation decrees worth a total of EU600 million in the "School Plan" and the "Family Plan." The School Plan allocates EUR400 million to schools for the activation of ultra-broadband services. The Family Plan allocates EUR200 million to households to support domestic Internet connection throughout Italy. The interventions will be managed by Infratel; (ix) August 26, Allocated an additional EUR25 billion in fiscal stimulus through the "August" Decree. The funds will support workers, businesses, local authorities, health workers and officials, and will afford general and sectoral measures for the recovery of the Italian economy; (x) September 10, As regards the moratorium on penalties for delayed payments of tax settlements due on August 20, the Government has undertaken to support, in dialogue with the Parliament, an amendment to Legislative Decree 104 of 2020 which provides for taxpayers who recorded in the first half of 2020 a reduction in turnover of at least 33 percent, the possibility of making the payment by Friday 30 October with a penalty fee of 0.8% [update].
|Italy||09||09 - International Assistance Provided||EUR|
|Italy||09A||09A - Swaps||EUR|
|Italy||09B||09B - International loans/grants||EUR|
|Italy||11||11 - Other Economic Measures||EUR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 May 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 1 May 2020); Ministero dell'Economia e delle Finanze. http://www.mef.gov.it/ufficio-stampa/comunicati/2020/Arriva-il-nuovo-BTP-Futura-il-primo-titolo-di-Stato-interamente-dedicato-al-retail/ (accessed 16 June 2020); IVAAS. https://www.ivass.it/media/avviso/covid-dividend-2/?com.dotmarketing.htmlpage.language=3 (accessed 6 August 2020);||
(i) No amount/estimate: Apri l 24, announced a special debt instrument called "BTP ITALIA," which will finance costs arising from the COVID-19 pandemic. The next issue will be May 18-21, 2020. The instruments have maturities of 4 to 8 years, with coupons paid every six months, and capital always guaranteed at maturity; (ii) IVASS (Insurance supervisory authority) followed the EIOPA recommendations and called insurance companies to be prudent about dividends and bonus payments to protect their capital position; insurance companies are asked to provide updated Solvency II ratios on a weekly basis; (iii) CONSOB called a three-month ban on shorting of all shares and lowered a minimum threshold beyond which it is required to communicate the participation in a listed company. These measures are aimed to contain the volatility of the financial markets and to strengthen the transparency of the holdings in the Italian companies listed on the Stock Exchange; (iv) 18 May : Suspended the temporary ban on taking new net short position and the increase in existing net short positions. The Italian Companies and Exchange Commission (CONSOB) first introduced the ban on March 17, 2020. The ban will end on May 18, 2020; (v) 8 June, Announced a new government bond exclusively dedicated to the retail market. This government bond is called the “BTP Futura”, and will solely finance expenses made by the Italian government to deal with the COVID-19 emergency, as well as to support the recovery of the Italian economy. The first issue will be Monday, July 6, 2020, to Friday, July 10, 2020.