id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-031936-46mossbr	Andrle, Michal	Italy: toward a growth-friendly fiscal reform	2020-09-16		.txt	text/plain	11641	534	54	This paper seeks to contribute to the discussion by (1) assessing spending patterns to identify areas for savings; (2) evaluating the pension system; (3) analyzing the scope for revenue rebalancing; and (4) putting forward a package of spending cuts and tax rebalancing that is growth friendly and inclusive, could have limited near-term output costs, and would achieve a notable reduction in public debt over the medium term. The second part of this paper finds that: (1) despite past reforms, there remain generous parts of the system where Italy is an outlier, pointing to areas of potential savings; and (2) pension projections rest on optimistic assumptions of (a) employment, specifically that Italy will go from having among the highest to very low unemployment rates; and (b) Italy will maintain much higher real GDP growth rates for decades to come than has been its experience and policy settings.	./cache/cord-031936-46mossbr.txt	./txt/cord-031936-46mossbr.txt