Maneuver, approval from the Chamber for confidence. From bonuses to pension, what does it provide

The Chamber confirms its confidence in the government, placed on the Budget law. The votes in favor were 211 and 117 against.
The last days of work on the text were characterized – as per tradition – by delays, night sessions, numerous reformulations of the most recent measures and
controversies between the parties
.

The 2025 budget law, worth around 30 billion gross, is made up of two thirds of the intervention to make structural, at least for the next 5 years, the reduction of the tax wedge for incomes up to 40 thousand euros and the transition to three a. Irpef rates. A measure, which weighs 18 billion on the text, designed to help low-medium incomes to combat inflation, leaving almost 100 euros more in their paychecks.

A strict spending review

The drafting of the maneuver this year was preceded and bound by the commitments made in the 7-year budget structural plan, which implements the new rules of the EU stability pact. To maintain the objective of bringing the deficit/GDP ratio back below 3% as early as 2026, a rigid spending review has been set. The macroeconomic scenario also sees the cut in the 2024 GDP growth estimates: +0.5% by Istat compared to the 1% marked by the government in the Def. Resources were therefore concentrated by the government on a few expenditure items: from cutting the tax wedge to the healthcare system – with additional funding of 1.3 billion – to policies against the demographic winter. And then interventions to streamline tax expenditure.

The financing sources include an advance on DTAs, deferred taxes from banks and insurance for 2025 and 2026, for approximately 3.5 billion. The Minister of Economy Giancarlo Giorgetti has spoken several times about the “sacrifices” required of credit institutions. Also notable is a cut of around 3 billion in ministerial expenses.

The reaction of the opposition

The opposition evaluates the maneuver negatively, focusing attention above all on the healthcare sector for which they consider the allocation insufficient. In November, CGIL and UIL proclaimed a general strike over the budget, denouncing the absence of measures on pensions, income and work. Also sparking the dispute between the majority and the opposition was a provision from the rapporteurs arrived in the last days of the Commission, which asked for the compensation of non-parliamentary ministers, deputies and undersecretaries to be equalized with that of their elected colleagues. After the invitation of Prime Minister Giorgia Meloni and the head of the Defense Guido Crosetto to scrap the provision, the solution found provides that non-parliamentary ministers and undersecretaries who are not resident in Rome are entitled to reimbursement of travel expenses to and from their home or office. residence to carry out their duties. To cover these expenses, an endowment of 500 thousand euros per year has been created starting from 2025.

Reformulated the anti-Renzi rule

The rule on the ban on paid positions by non-EU states for parliamentarians has also undergone numerous reformulations, the provision renamed ‘anti-Renzì given the possible repercussions on the former prime minister’s international activity as a lecturer. The reformulated version of the rapporteurs’ text provides that government office holders and parliamentarians – with the exception of those elected abroad – cannot accept during their mandate contributions, services or other benefits provided by non-EU public or private entities . With the exception of government office holders, the ban does not apply in the case of prior authorization but in any case for amounts not exceeding 100 thousand euros per year.

In case of non-compliance, the compensation must be paid to the state budget within 30 days, failure to pay generates a sanction equal to the amount earned. However, the extension to the end of next year of the motorway toll tariff has been cancelled, with a relative increase of 1.8% indexed to inflation.

Ires, Web e Cripto Tax

The changes to the text required two summits between the majority leaders. the IRES bonus was introduced with a 4% discount on the rate for companies that set aside profits and reinvest in new permanent hires. The measure costs just over 400 million and includes a further contribution from the banks. The flat tax for employees increases from 30 to 35 thousand euros. U-turn on the taxation of cryptocurrency profits, the text approved by the Council of Ministers had increased it to 42%, in the Commission it was brought back to the original value of 26%, with a forecast of an increase to 33% from 2026. The so-called webtax, however, will be applied only to large companies, with revenues exceeding 750 million euros, thus excluding SMEs and online publishing.

Middle class IPEF cut postponed

However, there was nothing to be done for the reduction from 35 to 33% of the second Irpef rate. To finance it, 2.5 billion euros would have been needed to be raised through the biennial composition with creditors, which however missed the necessary target. We will talk about it again with an ad hoc decree between February and March. Even on minimum pensions, the increase adjusted for inflation stops at 3 euros, going from 614 to 617 euros.

Bonus Baby

To encourage births and contribute to the costs of supporting them, a one-off amount of 1,000 euros is recognized for each child born or adopted from 1 January 2025, paid in the month following the month of birth or adoption. The family unit to which the requesting parent belongs must have an ISEE not exceeding 40,000 euros per year. Parental leave to support maternity and paternity up to the child’s sixth year of life is extended from 60% to 80% of the salary from two to three months. The payments relating to the single and universal allowance do not affect the determination of the ISEE.

Reorganization of deductions

There is a tightening of deductions for higher incomes and a family quotient mechanism is introduced. For subjects with a total income exceeding 75,000 euros, the charges and expenses for which a deduction from the gross tax is foreseen are allowed as a deduction up to an amount calculated by multiplying the basic amount determined in correspondence with the income by the coefficient indicated in matching the number of children.

Automotive Fund

There are 400 million euros divided over two years also intended for the restoration of the automotive fund within an amendment of the rapporteurs to the budget, under discussion in the Budget Committee of the Chamber, which modifies the forecast of the Mimit resources. The provision adds 200 million for 2026 and the same for 2027.

Away with Mef auditors in companies

The rule on MEF auditors in companies and bodies that receive public contributions over 100 thousand euros has been eliminated, but controls on financial statements have increased. The reformulated text provides for greater financial controls on companies that receive a “significant contribution” from the State with methods to be defined through a Prime Ministerial Decree to be approved within 90 days of the entry into force of the law.

Bonus Edizi

New changes to Ecobonuses. The progressive reduction of the Superbonus has been confirmed, from 1 January 2025 it will go from 70% to 65% limited to interventions with Cilas already presented by 15 October 2024 and works approved. The Ecobonus has been extended to 2025: from 2025 it will drop to 50% for the first home and to 36% for other properties owned.

Metro C Rome

Funds have been restored for the continuation of Rome’s Metro C beyond Piazza Venezia, the last station of the line for which construction has begun, to ensure continuation to the Farnesina. Initially the resources were diverted, given the absence of a definitive plan for the route.

Pressure on Rai costs

The majority was divided on the Tax Decree, linked to the budget, with Forza Italia voting with the opposition on the League’s proposal to extend the RAI license fee discount from 90 to 70 euros in 2025. Personnel costs are excluded from the spending review, while those for external consultancy from next year must not exceed the expenses incurred in 2023.

The Appliances Bonus

For 2025, a contribution of no more than 100 euros is granted – with a total allocation of 50 million euros – for the purchase of highly energy efficient household appliances not lower than the new class B, produced in Europe, with simultaneous disposal of the appliance replaced.

The Family Dowry Fund

A Family Dowry fund is established, financed with 30 million euros in 2025, to be used for extra-curricular activities of dependent children, aged between 6 and 14, of families with an income with an ISEE equal to or lower to 15,000 euros.

Naspi changes on resignation

Workers who have voluntarily resigned from a permanent job in the previous 12 months will be entitled to Naspi in the event of dismissal only if they have at least 13 weeks of contributions from the new job.

Bridge over the Strait

The funds allocated to the Strait Bridge will grow by just under 1.4 billion per year until 2032, compared to the total 11.6 billion of last year’s budget. The figure is less than the increase of around 3 billion compared to last year initially requested with an amendment by the League.

SIX

The tax credit for investments in the special economic zone of the South grows from 1.6 to 2.2 billion. To maintain levels of employment growth and contribute to the reduction of territorial gaps, a 25% relief on contributions for workers is also introduced.