(Finance) – Tomorrow together with the Plan for the EU and the tax decree the Government also surprisingly brings the maneuver to the table of the Council of Ministers. On the agenda – we read in the note released by Palazzo Chigi – “Schema of the decree-law: Urgent measures in economic and fiscal matters and in favor of local authorities (Presidency – Economy and Finance); Draft of the bill: Budget of the State for the financial year 2025 and the multi-year budget for the three-year period 2025-2027 (Economy and Finance);
The maneuver foresees expansionary measures for around 25 billion euros and places it at the center stabilization of the tax wedge cut, although with a different articulation, e the Irpef at three rates. For them covers, will be asked contributions to banks and the world of the web.
According to reports from Minister of Economy and Finance, Giancarlo Giorgetti, in maneuver there will be a increase in funding for healthcare, with a growth in the related expenditure beyond the 1.5% limit envisaged for the aggregate of net expenditure; interventions aimed at supporting the birth rate and providing support to large families; resources for the renewal of public contracts for the period 2025-27 to take into account the trend of inflation, and for the refinancing of international missions.
Tomorrow the figures for the large aggregates of the budget for 2025 will be put in black and white in Draft budget plan (Dpb) which the government should transmit to Brussels by midnight. Also on the agenda of the Council of Ministers outline of the budget bill.
The list of possible interventions also includes the so-called unchanged policieswhich include incentives for investments in the single SEZ, the tax relief on welfare and company bonuses, the refinancing of the card for the poor, the bonus for mothers with two children, the reduction of the Rai license fee from 90 to 70 euros, the roads operation safe. These are measures in force in 2024 which if not refinanced would expire next year.
The cutting the tax wedge it should change shape while still maintaining the same effects on the pay slip. Today the reduction is entirely on contributions, from 2025 it should be moved partly to IRPEF (in the income range between 20 thousand and 35 thousand euros, with a decalage of up to 40 thousand euros so as not to suddenly penalize those who exceed 35 thousand euros even by just one euro). The government would then aim to give a signal to average incomes, lowering the second Irpef rate from 35% to 33% (costing 2.2 billion), but the decision is subject to the finding of resources.
The problem of the roofing remains. The political debate in the majority has heated up on the hypothesis of tax “those who have gained a lot from the economic situation”, as the minister explained, with the banks in the front row who have benefited greatly from high interest rates. But Forza Italia he doesn’t want to hear about a new tax. The most probable hypothesis, which is still being discussed, would include one dilution for Dta which are essentially tax credits.
For the world of the web the hypothesis of lowering or eliminating the threshold, currently set at 750 million euros of turnover at a consolidated level, for the application of the 3% tax on revenues for digital services attributable to an Italian end user is being studied. Lo comes to help again this year “budgetary space”. Under current legislation, the deficit/GDP ratio is forecast by the government at 2.9%, while by the programmatic framework (considering the effects of the measure) at 3.3% (and then falling below 3%, exactly 2.9% in 2026). A difference of 0.4% which makes 9 billion available to the government. Further 5-6 billion they come from the tax reduction fund and the tax delegation implementation fund.
The maneuver should also start the construction site of the rationalization of tax expenditure with the pruning of minor items and the reorganization of building bonuses. The deductions on renovations for the first home they should remain at 50%, while other interventions should stop at 36%, as required by current legislation.
From the gaming industry they could arrive approximately 500 million euroswhich include the extension of concessions for slots, bingo and betting, with an increase in costs, and the maintenance of the fourth weekly lottery draw. As regards spending, the most substantial “sacrifice” will be made by the ministries with cuts of 3 billion in appropriations and a further billion in residual liabilities.