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Italy's 2026 Budget Draws 5,500 Amendments as Senate Starts Selection Phase

Parliament now enters the sift to name 414 priority changes under a no‑new‑spending constraint.

Overview

  • The filing window closed with roughly 5,500 amendments in the Senate Budget Committee, including about 1,670 from the governing parties and large packages from M5S and PD.
  • By November 18 the committee must designate 414 priority amendments, of which 238 are reserved for the majority, guiding the negotiations with the Economy Ministry.
  • To fund tweaks without changing the overall balance, the government is weighing a temporary 12.5% revaluation tax on investment gold—estimated at €1.67–2.08 billion with 10% take‑up—and an accelerated duty on small non‑EU parcels following Ecofin clearance.
  • Within the majority, Lega and Forza Italia seek to block the rise to 26% on short‑term rental tax and to limit higher dividend taxation, while proposals include an expanded debt ‘rottamazione’ and extraordinary police and firefighter hirings.
  • Opposition groups presented a common package centered on a national minimum wage and social measures, and unions announced protests and strikes with Uil on November 29, justice sector staff on December 5, Cgil on December 12 and Cisl on December 13.