The government's 2025 budget bill is
set to land in the Lower House after President Sergio Mattarella
signed off on it on Wednesday.
The 30-billion-euro package maintains cuts in the labour-tax
wedge for lower earners that the government made in its 2023
budget law and extends them to incomes of up to 40,000 euros,
rather than 35,000 previously.
This means 1.3 million more workers will benefit on top of the
13 million that already do.
The package also features a reorganization of tax deductions,
which opposition parties have said is a sort of hidden tax, and
a review of public spending, with ministries told to cut their
budgets by around 5%, the health ministry excluded.
There is also a cap on the salaries of managers of bodies and
foundations that receive public money, which is limited to a
maximum of 50% of the salary of the first president of the
supreme Court of Cassation.
The cap does not regards entities that are mentioned in the
Constitution, such as regional governments and their bodies,
national health system bodies, the inland revenue, pensions and
statistics agencies.
The package also includes a 3.5 billion 'contribution' from
Italian banking and insurance companies, which Premier Giorgia
Meloni has said will go to the ailing national health service.
Opposition parties have said this is not in fact a payment but
merely a loan since it is merely a postponement to 2027 of a
series of tax deductions.
ALL RIGHTS RESERVED © Copyright ANSA
