2025 budget, agreed by the majority on the contribution of the banks: a figure of 4 billion assumed

John

By John

An evening meeting of the majority leaders was needed to break the impasse in the center-right on the banks’ contribution to finance part of the next budget law, expected tomorrow morning in the Council of Ministers. An agreement would have been found within the centre-right which will be illustrated tomorrow after the meeting. The hypothesized figure should be more than 4 billion.

This morning Forza Italia made it known that it was not available to approve any “tax on extra profits”, with Deputy Prime Minister Antonio Tajani branding the measure as “Soviet”. The Azzurri, it is reported, also during the meeting, reiterated that they do not intend to endorse structural measures on the matter: “never taxes on extra profits, another thing is a voluntary contribution from the banks”, the line pursued. An agreement would have been reached anyway. While the League replied that asking the banks for a contribution “is not out of this world”. The Deputy Minister of Economy Maurizio Leo would have worked to seek mediation between the parties and would have brought a solution to the summit table at Palazzo Chigi. In the meantime, according to reports, the credit institutions are studying countermeasures, including possible appeals.

The text of the Dpb clarified that the contribution to the budget law requested from banks and insurance companies will be equal to 11 billion in the three-year period 2026-2028, with a payment of approximately 4.4 billion for each of the next two years. Also this morning, new talks took place between the government and the banks to find an agreement but no agreement was found. For days, credit institutions have been attested to a line that provides half of the requested amount. Prime Minister Giorgia Meloni would have been determined to move forward with the measure.
From the opposition, the Democratic Party urges: “The government is transforming the budget law into a barroom brawl between deputy prime ministers, disrespectful of the country.”

The measures foreseen in the next budget law

The next budget law provides for interventions for an average of 18 billion euros per year. Measures on taxes, on the purchasing power of families and to support businesses are on the way. Among these: the cut of the second Irpef bracket from 35% to 33%, with an allocation over the three-year period of approximately 9 billion.

The family package includes book bonuses and a revision of the ISEE calculation, providing benefits for families with two or more children and raising the exclusion threshold for a first home. The refinancing of the “Dedicated to you” Card for food purchases. And the extension of the building bonuses as in 2025.

On pensions, in the two-year period 2027-2028 the Dpb clarifies that, with the exception of demanding and demanding jobs, “the gradual increase in access requirements connected to the adjustment to life expectancy” is confirmed. A fiscal peace is also expected, for taxes until the end of 2023, it could also concern unpaid penalties relating to fines relating to speed cameras. A 9-year scrapping is looming but done selectively, excluding from the perimeter those who have never submitted any declaration. On the tax front, it is reported that the possibility of diverting greater powers to the Mef regarding the collection of local taxes, from the IMU to the waste tax, would be explored.
Among the issues still to be resolved is the cut in linear expenses envisaged for the ministries, the Dpb estimates over 8 billion in savings over the next three years. On this too, it is reported, there would be a mediation course with the possibility of ‘remodulating’ the split.