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Italy’s 2026 Budget Review Opens in Senate With Nearly 80 Hearings

Lawmakers prepare amendments that include a €4.4 billion call on banks and insurers.

Overview

  • The Senate’s joint budget committees begin four days of stakeholder hearings from November 3 to 6, ending with Economy Minister Giancarlo Giorgetti on Thursday.
  • In a scheduled evening appearance, the banking association ABI and insurers are expected to be pressed for a combined €4.4 billion contribution for 2026.
  • Forza Italia signals it will table changes to ‘improve’ the bill, while Fratelli d’Italia weighs extending the Sismabonus derogation to areas hit by the 2009 quakes in addition to 2016 zones.
  • Opposition parties vow a hard fight, with critics labeling the draft as taxes and cuts and Democrats warning that the housing plan leans on EU climate social funds that require an agreement with Brussels.
  • The chamber debut is penciled in for November 24, a date likely to slip given amendment vetting and priority signaling, with €100 million a year set aside to finance parliamentary changes.