Overview

• After an evening majority meeting, coalition leaders agreed in principle on a non-punitive contribution from banks and insurers, with the legal structure to be finalized before the cabinet convenes.
• The government’s DPB targets about €4.4 billion from the financial sector in 2026 and over €11 billion by 2028, with talks centered on a voluntary mechanism unlocking reserves created by the 2023 Asset decree.
• Coverage for the roughly €18 billion package also relies on an estimated €5 billion from PNRR remodulation next year and a spending review worth about €2.3 billion in 2026, rising over the three-year plan.
• Tax measures include cutting the second IRPEF bracket from 35% to 33% with limited gains for higher earners, a proposed 10% flat tax on private-sector contractual wage increases, and relief focused on public-sector accessory pay.
• On pensions and welfare, the draft freezes the 2027–2028 pension-age rise only for arduous jobs, strengthens family supports including a higher “bonus mamme” and caregiver funding, extends the food card, and revises ISEE thresholds.