If implementing the delegated powers for tax and social security reform or the related safeguard clause does not produce € billion of additional revenue in 2013 and € billion in 2014, the increase in the two VAT rates will become permanent and there will be a further increase of half a percentage point in both.
18  BIS central bankers' speeches  Table 8  Total effect on net borrowing of the recent budgetary packages (1) (millions of euros)  Summer budgetary packages and the 2012 Stability Law (2) as a % of GDP Revenue Expenditure Budgetary package under discussion in Parliament (3) as a % of GDP Revenue Expenditure Total effect on net borrowing as a % of GDP Revenue Expenditure Memorandum item: GDP (Relazione al Parlamento 2011)  2012  2013  2014  -28,593 -1.8  -54,423 -3.3  -59,891 -3.5  20,822 -7,771  35,224 -19,199  38,823 -21,069  -20,185 -1.3  -21,310 -1.3  -21,424 -1.3  17,896 -2,289  14,385 -6,925  12,091 -9,333  -48,778 -3.0  -75,734 -4.6  -81,315 -4.8  38,718 -10,061  49,609 -26,125  50,914 -30,402  1,612,279  1,648,533  1,693,748  (1) A negative sign indicates a decrease.