Debt, this year will cost at least 30 million in interest and expenses

ANTONIO FABBRI – the Cargill loan and the issuance of the international San Marino bond, it was a bit of a cicadic summer, but the time has come to deal with the subsequent ones that remain in the pantry. It will then be up to the first budget adjustment and the financial one for 2022, to put his hand to the calculator to see if the triumphalisms for the post Covid economic rebound are sufficient to cover the economic needs of the state and the need for liquidity. Certainly the figure of the increase in tax revenues in the first six months of the year, announced in August by the Secretary of Finance is good news, but it is the mirror of the recovery of private initiative which at the moment, however, is not is accompanied by a plan of public investments and the progress of the reforms, on which all the trade unions have pointed their finger, including the CDLS management who spoke of “a confrontation that has been stagnating for months on reforms, the health system, VAT, fiscal equity”. The CSDL, recalling what emerged from the meetings with the workers, has also done the math on how much international loans will cost the country this year: at least 30 million. (…)

Article taken from The Information of San Marino