The Council of Ministers approved the 2027 budget, the last budget bill of the legislature before the general elections. It is worth approximately €26 billion overall .
"We worked with great serenity, common sense, and unity, focusing only on what was best for the citizens," Prime Minister Giorgia Meloni said at the press conference following the cabinet meeting.
"With this budget law, we confirm all the measures included in the previous budget, which would have ended at the end of this year. This package of measures alone is worth approximately €9 billion," the prime minister announced.
"This maneuver is part of a medium- and long-term strategy, has a legislative logic, and is part of a multi-year process," Meloni stated, adding that she was "very satisfied with the consistency and linearity demonstrated along this path." "We haven't given resources indiscriminately or made promises we couldn't keep," she insisted.
The car tax cut becomes a structural measure . It affects small and medium-powered vehicles, up to 80 kilowatts, and motorcycles . "We're talking about 70% of vehicles on the road. Many had tried to downplay this measure by calling it an electoral bribe, especially since it only applies until 2027. They'll be proven wrong; it's structural and permanent." As for cars, the option to create personalized license plates is also being introduced.
Among the new measures is a reduction in personal income tax for the middle class, raising the second bracket of the 33% tax rate from €50,000 to €55,000 per year . "The maximum benefit is €500 per year. Some might say that's still too little: we would have liked to do more, but it needs to be considered in light of the cuts made previously."
Still on the subject of Irpef taxation, the Government is also intervening on the flat-rate regime for self-employed workers, with the flat tax being extended from 85 to 100 thousand euros .
A bonus has also been introduced for young workers under 30: "€2,500 taxed at 1%, which can be received either in 12 monthly payments or in a lump sum . We want young people starting to work in Italy to feel that this nation wants to encourage them, and we want to do everything we can to ensure that young Italians don't think that to build a future for themselves, they have to pack their bags and leave this country."
