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The budget bill is set to be discussed in the House on December 16, featuring proposals such as a €3 billion allocation for the Strait of Messina bridge, an Irpef tax cut, and a bonus for children's extracurricular activities. Tensions within the majority are rising, particularly over the Irpef cuts and the allocation of resources, with various parties pushing for amendments while the Ministry of Economy monitors compliance with funding requirements. Additionally, changes to the oversight of public contribution recipients are anticipated, reflecting broader concerns about fiscal management.
Giorgia Meloni's government marks nearly two years in power, showcasing stability in Italy amid a fragmented opposition. While her administration has seen economic growth and regional electoral successes, critics highlight ongoing issues like emigration and internal conflicts within her coalition. Despite challenges, Meloni remains a dominant figure, with prospects of lasting until the end of the 2027 legislative term.
The 2025 Budget Bill, signed by President Sergio Mattarella, has sparked tensions over proposed cuts to healthcare and pensions as it enters parliamentary debate. Key measures include a tax wedge reduction, increased contributions from banks, and a controversial 2.2% rise in minimum pensions, which unions deem insufficient. With healthcare unions planning a strike over funding concerns, the government faces criticism for its approach to public spending and welfare reforms.
President Mattarella signed the 2025 Budget Law, which includes significant cuts to school personnel, health care funding, and tax benefits for company cars. The opposition criticizes the minimal increase in minimum pensions as a mere "handout," while public sector workers prepare for strikes over staffing reductions and inadequate health care allocations. The law also implements a freeze on ministry budgets, aiming for savings of 5.2 billion euros in 2025.
The new Budget Law introduces significant changes for 2025, including a baby bonus of €1,000 for newborns with an ISEE under €40,000, an increase in minimum pensions by just €3, and a tax wedge cut for salaries up to €40,000. Additionally, there are confirmed tax breaks for hiring young people and women, alongside a cap on public managers' salaries reduced to €160,000. The Superbonus credits can now be spread over ten years, benefiting taxpayers with lower tax capacity.
The 2025 budget maneuver allocates 1.3 billion euros for healthcare, which unions deem insufficient, prompting a national strike on November 20. While the plan includes modest increases for medical professionals and families, significant cuts to ministries and a cap on high-income deductions raise concerns about the impact on public services and social welfare.
The 2025 budget maneuver, valued at €28.5 billion, introduces significant financial measures including a €1,000 birth bonus for families with an ISEE under €40,000, cuts to the tax wedge, and restructured IRPEF rates. It also extends pension flexibility and tax incentives for businesses, while aiming to collect €4 billion from banks and €1 billion from insurance companies. Healthcare funding increases, but cuts of €7.7 billion are planned across ministries, alongside a cap on executive compensation in public bodies.
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Italian Budget Bill Set for House Debate with Key Tax Proposals
23:18 04.12.2024
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