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Italy Opens Budget Talks as Salvini Pushes Tax-Debt Amnesty, Meloni Eyes IRPEF Cut

EU spending rules leave little room for new outlays despite recent fiscal tailwinds.

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Overview

  • Matteo Salvini renewed his call for a definitive rottamazione of tax collection notices, saying he discussed it with Economy Minister Giancarlo Giorgetti and expects progress as the Senate resumes work on a fifth scheme.
  • The government is considering cutting the second IRPEF rate from 35% to 33% and extending the bracket to €60,000, a measure estimated to cost about €4 billion and aimed at middle-income earners.
  • The Treasury is searching for funds to stabilize the new IRES premiale for compliant, hiring firms, while Health Minister Orazio Schillaci says he has secured an additional €2 billion for healthcare.
  • Officials intend to neutralize the automatic three‑month rise in the statutory retirement age slated for 2027, though estimates of the budget impact vary and timing could be set outside the budget bill.
  • State accountants reported roughly €34 billion growth in first‑half revenues and market spreads have narrowed, yet Giorgetti maintains there is no “tesoretto” as EU rules tie windfalls to deficit reduction and could push the shortfall below 3% this year.