The minister Giancarlo Giorgetti presented the Public finance programmatic document preparing the Budget law for next year. It is the fourth maneuver launched by this government and will be “of firm and prudent responsibility”. The goal is twofold: keep the accounts under control in view of the exit from EU procedure for excessive deficit And at the same time guarantee new resources to families and businesses. The novelty is represented by Defense expenses which, after many years, will return to have a remarkable impact in the state accounts.
The maneuver is worth 16 billion euros: of these, 6.5 will come from new revenues while the rest will be recovered by cutting public spending. “A combination of measures on the revenue side will contribute to financing the maneuver”, for a value around 6.5 billion, reads the document “and, for about 60%, of interventions on the shopping”. The plan plans to bring the deficit below 3% of the GDP already in 2025. A significant descent: 2.8% in 2026, 2.6% in 2027, 2.3% in 2028. The growth of GDP In the same time span it will remain modest: 0.5-0.7%. In short, the Italian locomotive proceeds with the agility of an old littarin. But at least it doesn’t stop. On the debt, the MEF announces a reduction.
Military expenditure and healthcare
In any case, the government will submit the planning of the Additional military expenditure To Parliament, with an estimate of the repercussions on the economy “which could have a positive effect”. Another delicate voice is the Healthcarewhich should receive 2-3 billion more, after the 4 already put in place with the last budget law. Objective stated: Best salaries And new hires.
For companies, the old subsidies have expired, a new “horizontal” incentive mechanism will arrive. What does it mean? Probably little but for everyone. On the banking front, however, the government thinks of a extraordinary contribution To finance the maneuver, also useful for balanced the umpteenth scrapping of the tax collection files. The banksalready returning from years of other profits, should get by without too many trauma.
IRPEF Reformation and Measures for Business and Families
The real gem is theIrpef. For income between 28 and 50 thousand euros, the rate will drop from 35% to 33%. A tax cut which is worth, in the best of cases, 440 euros per year. The maneuver that will see light on October 20 will lead to “a recomposition of the tax levy by reducing the load at work”, and includes measures aimed at “stimulating the investments of companies, to guarantee their competitiveness and supporting birth and life-work conciliation”.
There is no lack of chapter young: in the sights there is the House planwhich the Premier Melons He is working together with the minister Salvini. The goal is to give children the opportunity to buy or rent without having to mortgage the whole life. But still defined there is nothing.
Public debt and defense
Not a revolution, attention, only a slight diet: from 137.8% of GDP in 2026 to 136.4% in 2028. The difference, explains Giorgetti, will arrive when the effects of the Superbonusthe drug that made public accounts, businesses and condominiums crazy.
Among the most bulky voices there is the Defense: 3.5 billion in 2026 (0.15% of GDP), 7 billion in 2027 and up to 12 billion a total of 2028. The funds will probably be drawn from the program Safe with which the EU has made available 150 billion for rearmament. In any case, “Italy considers it necessary to carry out further insights before deciding whether to make use of the national safeguard clause”.
It is good to underline – specifies the MEF – that “the decisions on the subject will have to be well thought out, avoiding sudden accelerations of expenditure: a possible ‘shopping race’ would risk generating only an increase in prices, imports and dependence towards other countries”.