Overview

• Ministers will transmit the Documento programmatico di bilancio to the European Commission by the October 15 deadline, with the full budget expected at a separate cabinet meeting later this week.
• The government targets a package of roughly €16 billion that includes a two‑point cut to the second IRPEF bracket up to €50,000, a new tax‑debt settlement, family support, health funding and business measures.
• Negotiations focus on an extraordinary contribution from banks of about €2.8 billion via a levy to unlock reserves set aside under last year’s windfall tax, with a similar ask from insurers not ruled out.
• On pensions, officials are studying a partial sterilization of the automatic retirement‑age increase due in 2027 and selective extensions of tools such as Quota 103, Opzione Donna and Ape sociale.
• Healthcare funding is penciled at roughly €2–2.5 billion for hiring and pharmaceutical needs, a family package near €1 billion is under discussion, and options include an IRES incentive for hiring and a successor to Transizione 5.0.