Italy loses EUR 1.1bln a year

October 1, 2013  |  Adoption, Electronic Invoicing, Europe

The delay in implementing the digital agenda costs Italy EUR 1 billion per month, according to estimates by the Digital Agenda Observatory of the School of Management of the Milan Polytechnic. It said adopting electronic invoicing for public administration could lead to a saving of EUR 1.1 billion per year, while the introduction of IT services in health care could generate savings of EUR 6.5 billion per year.

Proper use of cloud infrastructure is worth EUR 1 billion in three years and the development of online trading through e-procurement is worth EUR 5 billion annually, rising from the current 5 percent of online transactions on public spending on goods and services to 30 percent. The study added that the desired reduction of payments in cash will enable Italy to recover EUR 5 billion from tax evasion, if the share of electronic payments increases from the current 20 percent to 30 percent of the total.


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