Tax reforms, spending cuts, new revenues, priorities. The government led by Giorgia Meloni seems to have clear ideas in view of the maneuver. Speaking at a hearing before the Budget Committees of the House and Senate, gathered for the discussion of the Structural Budget Plan – expected today in the Chamber and Senate – the minister Giancarlo Giorgetti he focused on the budget spaces opened up by revenue growth, confirming that the next budget law will make permanent the cut in the tax wedge and the Irpef relief for the lowest incomes, the measures for the family and the birth rate, and will allocate the funds for the new two-year contractual period ’25-’27 for public administration and healthcare employees. But the hottest dossier is the one linked to taxes.
“Rather than increasing taxes, we will cut spending, except health spending which we are committed to maintaining as an impact on GDP. All the others will have significant cuts and we will force the administrations to make savings” is the position expressed by Giorgetti. A positive indication has arrived on the home dossier. Giorgetti mentioned among the planned reforms the updating of cadastral incomeaimed at regularizing the real estate units not yet registered – the “ghost” properties – and updating the income, the basis on which house taxes are calculated at least for the buildings that have benefited from the super tax deductions for the renovation and l energy efficiency.
“The cadastral values will be revised for those properties that have achieved a structural improvement following redevelopment interventions financed, in whole or in part, with public funds”, Giorgetti underlined in his speech in Parliament: “It’s not about updating market valueswhich the Commission has repeatedly asked us to do. It is simply a matter of going and looking for ghost houses and, above all, also to specify, as a provision of the previous budget law says, that whoever carries out the renovations of the buildings is required, is obliged, to also update the data cadastral. We will go and check if they have updated them, if they have not updated them there will be more resources also for the benefit of the Municipalities”. It goes without saying that the finger is once again pointed at the super bonus, the disastrous measure signed by the 5 Star Movement.
No taxes on the house, but yes on fuel, or rather on diesel. Giorgetti spoke about an increase in excise duties on diesel (currently equivalent to approximately 62 cents on a liter of fuel) and a reduction in those on petrol (currently equal to approximately 73 cents on a liter of fuel), effectively confirming what emerged after the publication of the 2025-2029 medium-term budget structural plan. “We wrote that there will be an alignment, there will probably be a reduction in petrol and an increase in diesel, trying to avoid repercussions for the categories that use diesel for professional purposes. It is an obligation that we must bring into reality”, the minister’s words. The executive will act “gradually”. However, there is no reference to possible excise duties on electric car charging.
The recent downward revision of the 2024 GDP makes it more difficult to achieve the forecast growth of 1% in 2024, but does not prejudice the trend in the next few years covered by the Plan, specified Giorgetti, who hypothesized a probable upward revision of the GDP in 2023 and the first months of 2024. The growth hypotheses contained in the Plan they are very cautious and there has been no shortage of jabs at the European government: “They do not take into account, for example, the impact of the Pnrr on growth, and they calculate our country’s potential product on the basis of 10% unemployment…”. The plan is ambitious and realistic, he continued, placing emphasis on reform momentum. One thing is for sure, no one will be left behind.
As for the extra profitsthe government wants to introduce an extraordinary levy on businesses and taxpayers who have benefited from the favorable economic situation. The spotlight is on Ruling 111 of the Constitutional Court which partially rejected the Robin Tax on energy companies, establishing the legitimacy of an extraordinary but temporary levy. According to the Corriere there is a complex package of measures, which also includes interventions on the stock options of managers.
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