The 2027 budget could exceed €30 billion: cuts to personal income tax, healthcare, employment, pensions, energy, and Salvini's proposal to tax the profits of large banks.
The retirement age is once again adjusted to life expectancy, and if forecasts hold true, the requirements will rise further until 2040. Meanwhile, spending will grow, rekindling the usual conflict between politicians and generations, like a duel...
The 2026 Budget Law brings an increase in excise duties on diesel starting January 1st, while gasoline drops to its lowest level since 2021. Here's how fuel prices are changing and the impact on motorists.
The Chamber of Deputies narrowly approved the 2026 Budget Law with 216 votes in favor, 126 against, and three abstentions. With growth estimated at just 0,7%, Meloni's fourth budget plan is aimed more at containing public finances than...
The law now passes "sealed" to the Chamber, which will have to approve it without amendments to avoid provisional exercise, with examination scheduled to begin on Sunday and the closure set for December 30th.
Meloni was forced to convene a majority meeting to close ranks after the recent rift within her coalition. New cuts to early retirement for early workers, and what happens with severance pay?
The Budget Committee approved the proposal. Management and holding of reserves will remain with the Bank of Italy. Giorgetti: "It has significant symbolic value."
From life expectancy adjustments to new provisions on early retirement and the redemption of short-term degrees. Here's what the Budget Law provides.
The changes introduced therefore extend the time for parliamentary approval: the examination in the Senate will begin on December 22nd, final approval in Montecitorio between Christmas and the end of the year.
The €3,5 billion will be used for ZES (Special Economic Zones), hyper-depreciation, Industry 5.0, and so on. Resources for the Strait of Messina bridge have been reprogrammed. The gold intervention has been reformulated.
Among the main changes: the tightening of dividends is limited to small holdings, the flat-rate tax returns to 21% for first homes, the Tobin Tax doubles and the car insurance rate on driver injuries rises to 12,5%.
There will be no gradual increase as initially planned. The increase in financial transaction taxes will be immediate and will serve to avoid a dividend hit.
Majority agreement on short-term rentals. FdI, FI, and Lega intend to eliminate the increase from 21 to 26% on primary rentals, but coverage remains a key issue. Everything you need to know
The Fdi (Italian Democratic Party) is pushing for an amendment to the budget plan to transfer ownership of the Bank of Italy's gold to the state, but ECB rules protecting the independence of central banks prohibit it. What's behind the insistence of the group leader of…
The UK budget aims to fill the gap in public finances with 26 billion pounds, thanks above all to the freezing of tax brackets until 2031, which will bring almost 8 billion pounds into the state coffers.
A meeting at Palazzo Chigi on the 2026 budget: agreement on short-term rentals, ISEE exemption for primary residences, dividends, compensation for corporate contributions, and an increase in IRAP for large banks. A billion euros is sought.
The 2026 Budget, swamped by over 5.700 amendments, reopens the 2003 building amnesty, fueling conflict between the majority and the opposition. Meanwhile, the FdI (Italian Communist Party) withdraws the amendment that aimed to introduce new rules on strikes.
Data from Istat, Upb and the Bank of Italy show that the Irpef cut benefits those with gross incomes of 35 thousand euros and above who have been declared wealthy by law and excluded from all benefits in the recent past.
The clash between the majority and the opposition is heating up over a potential wealth tax to be imposed on the wealthiest taxpayers. Meloni: "With the right in government, it will never see the light of day." Schlein replies: "This government will be remembered for helping the rich."
The CGIL (Italian General Confederation of Labour) is calling a strike for December 12th to protest the budget law: "Wages must be raised; the budget doesn't do that." Meloni's irony on X
Among the many areas on which the budget has been timid, there is also the tax on rich people, which is indeed increased from the previous 200 thousand euros, but on potentially unlimited assets and with no guarantees of benefits for the economy of…
As often happens, the State General Accounting Office, led by Daria Perrotta, has come under fire for advocating austerity in the budget plan. Economy Minister Giorgetti, who promoted it, will undoubtedly defend it: let's hope the same...
The Budget Law is a "very small" public finance measure, with numerous measures, but modest spending commitments. This is stated in the latest economic report by Ref ricerche.
The 2026 budget increases the ISEE threshold to exclude first homes to 91.500 euros and updates the scale of increases for large families, making it easier to access some bonuses, but doubts about fairness and complexity are growing.
The 2026 Budget Law provides for gradual increases in the price of cigarettes, rolled tobacco, heated tobacco, and e-cigarettes. Price increases of up to 42% on IQOS, Glo, and Pulze by 2028.
The budget bill, approved by the Treasury, now contains 154 articles. It amends the provision that raised the flat-rate tax on short-term rentals to 26%. The additional tax applies to those who rent through Airbnb or other online portals.
The budget is underway. The 137-article draft increases the rate on short-term rentals to 26% and introduces the definition of Lep (Less Employment and Lease). Same excise tax for gasoline and diesel. All the measures. Confindustria (Italian Industrialists) raises alarm over new US tariffs.
But the real million-dollar question is another: how can we block the three-month increase in retirement age (and what about the seniority requirement?) for workers employed in strenuous and demanding jobs, when this increase doesn't…
A mix of structural and temporary measures will be introduced for banks, including a 27,5% tax rate for those who decide to release their reserves.
At the press conference following the Cabinet meeting that approved the budget, Prime Minister Meloni and Minister Giorgetti outlined the measures: "There is no intention to punish banks; the impact is bearable." The retirement age increase was confirmed. Salvini: "Contribution for parents…
European stock markets closed lower despite Trump's reassurances on relations with China. Milan lost 1,45%, weighed down by banks and Leonardo. Wall Street remains volatile while gold retraces from its record high above $4.300. Follow the…
The Draft Budget Document has been published. The text includes updates on the contribution of banks and insurance companies, which are facing strong resistance from the financial sector. Defense spending, pensions, caregivers, and working mothers: here's the latest news on the budget.
The budget will be approved on Friday, with an additional two billion allocated to wages. Here, chapter by chapter, is what the new budget law provides.
The government envisions a two-track approach for banks, but the ABI (Italian Banking Association) has only approved the postponement of the DTAs. Negotiations are ongoing until Friday, but a showdown is looming.
In addition to the postponement of the DTA for banks, another hypothesis emerges: the reduction from 40% to 26% of the rate on the sums set aside as reserves which would incentivize the institutions to transform them into dividends.
For the CISL, the meeting was "positive and important," while for the CGIL, it was "harmful," while the UIL awaits the meeting. Meanwhile, Confindustria is urging the government to focus less on public finances and more on economic growth.
A quick and cordial meeting. The banks reportedly agreed to do their part, but with some restrictions. Giorgetti: "There are many proposals circulating."
The government is reportedly considering a full or partial tax exemption on the thirteenth salary to boost the purchasing power of workers and retirees. A heavier paycheck, but by how much?
The budget is taking shape with a majority agreement on the main measures. Restrictions on the debt restructuring and pensions, and €1 billion for families. Here are the main measures.
Bank of Italy's findings during the hearing on the budget. From the Catholic University, Governor Panetta spoke about debt tied to the current geopolitical climate.
According to Mf, a discussion is underway regarding auto insurance coverage for driver injuries. Premiums are taxed at 2,5%, but the Revenue Agency believes the tax rate should be 12,5%.
The German Court of Audit has raised the alarm over the 2026 budget: with €174 billion in new debt in just one year, Germany risks a spiral of debt and growing interest, leaving a heavy burden for future generations.
According to Bloomberg, the Treasury is considering a temporary suspension of deferred tax assets (DTAs) to raise €1,5 billion in 2027, up to €3 billion in the two-year period 2027-2028. Stocks are under pressure on the Milan Stock Exchange.
2026 Budget: the scrapping of tax bills and the reduction of middle-class tax rates? These were aspects on which "there was some certainty," but "the situation has become more complicated with all the events that have erupted internationally and that are beyond the control of…
Taxation on share purchases has already been adopted in the United States and, a few months ago, also in France, with a retroactive rate of 8%. This year, buybacks in Italy have already reached €10 billion.
French political uncertainty is sinking Crédit Agricole, BNP Paribas, and Société Générale. In Milan, the entire sector is experiencing sell-offs. The possibility that the Meloni government will ask the sector for funding ahead of the 2026 budget is also weighing heavily.
The Government is studying the new budget plan, which highlights the farewell to quota 103 and the entire quota system in view of the extension of the early contributory pension for all workers, even those who have started working…
The process ends, the Law passes in the Senate with 108 votes in favor. Here are the main changes that will come into force next year
Cosimo Corsini, Head of Group Strategy at Ariston, explains to FIRSTonline how, despite the crisis in the sector, the Italian multinational comfort company continues to grow and compete
As we close in on 2024, here is an overview of the events that have characterized the year: wars do not subside, political and economic crises stand out in the heart of Europe and the contextual shift of the electorate to the right. Trump is back in the US…
After a troubled process, the Chamber has given the green light to the 2025 Budget, which now goes to the Senate. Here are the main changes that will come into force next year
There are 211 votes in favor, 117 against. In the evening the Note of variation and the final green light. Text in the Senate on Monday. Here are the main new features of the measure
The amendment of the League allows early retirement at 64 years of age using the integration with complementary pension, but with an increase in the contributions required: from 2025 they will go from 20 to 25 years, up to 30 in 2030
To finance the discount on Ires, the Government will ask for a new contribution from banks and insurance companies. Agreement by the majority, the measure will soon be presented to Parliament
The Council of Ministers has approved changes to the 2024 budget and a series of measures. Among the new measures, the following stand out: the bonus IRES, the expansion of the flat tax and new rules on gold and cash. The reduction of IRPEF for the middle class is postponed, while…
Pezzotta – former general secretary of the Cisl and presumably the inspiration behind the appeal initiative – calls for finding a point of agreement with the other confederations
At the annual meeting of Assoprevidenza, the president Sergio Corbello also criticized the government's maneuver on social security, suggesting a more incentivizing taxation and an increase in the company contribution for pension funds
Landini is changing the map and traditions of Italian trade unionism but no one has yet understood what his real objectives are other than his aspiration to assume an increasingly markedly political role.
During the Parliamentary hearings on the Budget Law, Bankitalia warns that the Italian economy is at a standstill and growth targets are at risk. The UPB criticizes the complexity of the new fiscal measures, which could increase inequalities among…
In an article published by the Financial Times, Mario Draghi praises the choices of the Labour government especially those dedicated to increasing public investments and guarantees of the quality of spending
In his speech at the 100th edition of Savings Day, Giorgetti did not mention the slowdown in our GDP growth in the third quarter. Panetta's words were clear, as were those of Patuelli and President Mattarella. Italians…
The 2025 Budget Law will bring changes to the paycheck, but the new tax wedge formula and changes to deductions could cancel out the expected benefits
Home bonus, minimum pensions, tax wedge cut and salary bonus: President Mattarella has signed the 2025 Budget. The text now arrives in Parliament with some new features: here's what
The Italian Public Accounts Observatory of the Catholic University, directed by Giampaolo Galli, analyses the impact of the 2025-2027 budget law, highlighting its restrictive nature and raising doubts about the revenue forecasts and the effectiveness of the measures
The 2025 Budget Law is an old-fashioned maneuver. There is a lack of credible interventions to support growth and tax cuts are a wasted opportunity for young people
The government has found a way to raise resources for the Budget, while maintaining the facade: not to increase taxes but to reduce tax breaks. The total cut of about a billion will hit singles and couples without children in particular. Here's how…
The Minister of Economy has announced that the tax wedge cut and the Irpef rates on three brackets become structural. Parental leave at 80% increases to three months and, for the land registry, he stated: "Nothing new, we apply the rules"
The Council of Ministers approved the bill on the budget maneuver for 2025 yesterday evening. Green light for the controversial withdrawal of 3,5 billion from banks and insurance companies for healthcare. Confirmation of the wedge cut and…
On the table of the Council of Ministers the budget maneuver and the fiscal decree on Irpef. Banks, land registry taxes and pensions are the new features of the maneuver conceived by Minister Giorgetti
On Tuesday 15 October the Budget Planning Document will be approved by the Council of Ministers and sent to Brussels. While the government is trying to fill a gap of around 9 billion, Giorgetti warns: "Proposals from the ministers or I will intervene"
Weekly column "Work & Pensions - Politically (In)correct" by Giuliano Cazzola: Landini completes the genetic mutation of the Cgil, archives the trade union profession and makes the Confederation an opposition political force
Without sparing criticism of the Government's budget policy, the Bank of Italy has demonstrated the full autonomy with which Governor Panetta leads it
Budget, Bankitalia warns in the hearing in Parliament on the Structural Budget Plan for the EU: the correction of GDP for 2024 brings the estimated growth to 0,8% compared to the Government's forecast of 1%. Caution grows among Italian companies
Giancarlo Giorgetti finds himself in the spotlight for his courageous statements on spending cuts, revealing the challenges of the budget maneuver. With the Fornero reform in the restart phase, the revaluation of pensions becomes a battlefield…
Giorgetti's words on the maneuver have become a political case: the "sacrifices" requested by the minister and the taxes on profits that will affect "everyone" have triggered a reaction from the government parties (after the decline in Piazza Affari). What are…
During the meeting with the unions, the revaluation of pensions, health care spending and reforms in justice and taxation were discussed. Giorgetti mentioned the possibility of a "contribution" from those who have benefited from favorable conditions, excluding taxes on…
In his debut as president of Confindustria, Emanuele Orsini launched a series of proposals and warned of the risks for the Italian and European economies if certain trends are not corrected. Meloni: "I agree with many of his proposals"
The plan is currently only a draft based on preliminary estimates: net spending growth will be around 1,5% and the government aims to bring the deficit below 3% of GDP as early as 2026.
The procedure on the new five-year plan will continue with the validation of the trend framework
With the reduced GDP growth forecasts for 2024, the 2025 budget law looks set to be an uphill battle for the Government. Among the new features, there will be confirmations for the deductions for businesses and perhaps some changes in the fringe…
Giorgia Meloni, back at Palazzo Chigi, confirmed Raffaele Fitto's candidacy as European Commissioner. Meanwhile, the government, hunting for resources for the Budget, is dealing with a short blanket and a new Structural Budget Plan
The Meloni government is preparing to launch the 2025 Budget with a series of new features: the Single Allowance for Children could undergo a tweak starting with its name, and the mothers' bonus could finally reach self-employed workers with…
The revenue surplus of almost 25 billion gives public finances breathing space and keeps unexpected expenses at bay. While it doesn't solve all of the autumn challenges, it improves the outlook for 2024. The real impact will be seen with…
Effects on balances confirmed compared to the initial version, numerous new interventions but with a limited impact and provided with coverage
The 2024 Budget has extended the social safety nets to deal with corporate crises and employment emergencies. Here are the main measures
There is also news on productivity bonuses, fringe benefits and relief for working mothers with children: there are various work-related issues touched by the 2024 budget law. Here are all the details
After the final green light from the Senate, that from the House also arrived. Here are the main innovations of the 2024 Maneuver
Tense hearing of the Minister of Economy Giorgetti at the Budget Commission of the Chamber which is approving the budget maneuver which will be for final examination in the Chamber tomorrow - The opposition rises up and demands Giorgetti's resignation
In addition to the government's package of changes, those of the rapporteurs on the Budget law - The Bridge over the Strait also affecting Calabria and Sicily are added. The extension of the Superbonus remains out and the text is in strong...
The speakers of the Maneuver speak of a possible intervention in extremis on the Superbonus for condominiums, but the Mef categorically denies it: "Excluded"
After the increases in January 2023, starting from 2024 the single allowance for children will increase again. Here's who and what the new amounts are for
Amendments to article 33 of the maneuver. Doctors and nurses will not suffer penalties if they extend their stay in service by 3 years. You can apply to work up to 70 years of age, even if you exceed 40 years of contributions. Extended…
By December 20, 21 million pensioners will receive higher checks thanks to the adjustment, but also to the payment of all arrears from January to November 2023.
During a meeting that lasted over three hours, the Government proposed 3 hypotheses for changes to article 33 of the measure that cuts doctors' pensions - The unions' response: "Nothing changes"
Together with 11 other countries, including Germany and the Netherlands, Italy is "not fully in line" with EU recommendations and must be ready "to introduce the necessary measures"
After the ruling of the Constitutional Court which revealed a 60 billion hole in the public accounts, the German government is looking for an alternative solution. Here are the many hypotheses on the government's table. Which is starting to wobble.
Minister Giorgetti closes the hearings on the maneuver and attacks the central banks who "create uncertainty". On the debt "signals have been sent that the markets have appreciated" - Strong comments from the UBP on decontribution and healthcare
In the hearing on the 2024 Budget before the Budget commissions of the Chamber and Senate, the deputy head of the Economics and Statistics department of Bank of Italy underlines that the exclusion of BTPs from the ISEE calculation could alter portfolio choices
The 2024 budget maneuver provides for a general tightening of pensions, with the maintenance of Quota 103 but with some changes for public and private workers. The hypothesis of quota 104 disappears. Social Ape and Women's Option extended with some…
Two majority meetings were held at Palazzo Chigi which found a consensus on the Maneuver, but also on the constitutional reforms - Government: "Today the text of the Maneuver will be sent to Parliament"
