Overview
- The Council of Ministers examined and sent the Documento programmatico di bilancio to the European Commission by the October 15 deadline, with the full budget bill slated for final cabinet approval on Friday.
- The plan totals about €18 billion a year and includes cutting the second IRPEF bracket from 35% to 33%, delivering a maximum annual benefit of roughly €440 for taxpayers up to €50,000 in income.
- Roughly €2 billion in 2026 is set to support wage growth via tax relief on contract renewals, while about €3.5 billion over the three-year period targets families and anti-poverty measures, including an ISEE rules revision.
- Business and public services measures feature €4 billion for super‑amortization, an extension of renovation tax breaks, additional health funding of €2.4 billion in 2026, and a freeze of plastic and sugar taxes through the end of 2026.
- Financing options under negotiation include a contribution of around €4.5 billion from banks and insurers after an initial €2.8 billion scenario tied to 2023 reserves, while details on pension changes and a 2023 tax‑debt amnesty are still being finalized.