The bizarre theory of the M5s on Superbonus and public debt

“It generates a deficit but not a debt”, says the deputy count Mario Turco on the 110% bonus. A surreal interpretation of Eurostat’s new rules on tax credits, which concern accounting but not economic reality. A debt is a debt

In one of the books published by the late Guido Roberto Vitale, the former Minister of Economy Fabrizio Saccomanni quoting a passage from Charles Dickens wrote that “in the public debate, especially in Italy, the link between debt and deficit is not understood”. In essence, explained Saccomanni, “one cannot complain about high debt and at the same time call for more deficits”.