The 2027 Budget: 19 measures for families, young people, housing, businesses and welfare

• Nursery and childcare vouchers: A grant of up to 500 euros per month for three months for self-employed parents.

• School voucher: Extended to up to 1,500 euros for pupils at state-recognised private schools, based on ISEE brackets.

• Tax-exempt fringe benefits: The exemption threshold has been raised to 1,000 euros in general, and to 2,000 euros for those under 31 and families with children.

• Flat tax for young workers: A reduced substitute tax of 1 per cent on pay rises for those born after 1997.

• First-time homebuyer mortgage guarantee fund: The fund has been confirmed as operational, with a maximum commitment of up to 45 billion euros.

The property and regeneration sector has four pillars of support for 2027:

• Sismabonus and Ecobonus: The 36 per cent tax relief (increased to 50 per cent for the main residence) has been extended, with a spending cap of 96,000 euros.

• Renovation and Furniture Tax Credits: The 50 per cent tax relief for building renovations and the purchase of furniture, up to a maximum of 5,000 euros, has been confirmed.

• Household appliance subsidy: The fund for replacing large household appliances with high-efficiency models has been topped up with 50 million euros.

The manufacturing and employment sectors benefit from five main incentives:

• Recruitment incentives: The Women’s Bonus, the Youth Bonus and the SEZ Bonus have been extended until the end of 2027, with total social security contribution exemptions of up to 24 months.

• Special supplementary allowance for the tourism sector: The tax-free allowance of 15 per cent of gross pay for night work and work on public holidays in the tourism and spa sector has been confirmed.

• Cloud Computing Tax Credit: Up to 30 per cent of the costs of software and cloud services aimed at the digital transformation of businesses is eligible for this credit (2027–2029).

• Newspaper paper tax credit: Extended to 30 per cent of the costs incurred by publishing companies in purchasing paper for the two-year period 2027–2028.

• Expanded Art Bonus: Extended to include donations to third-sector organisations, archives, corporate museums and cultural festivals.

Welfare and support for vulnerable groups include three key measures:

• Health Voucher for the Over-75s: A grant of 300 euros in 2027 towards the purchase of healthcare goods and services for older people whose pensions or benefits do not exceed 28,000 euros.

• Universal Benefit for those who are not self-sufficient: The pilot scheme has been extended to 2027, with the ISEE threshold raised to 12,000 euros.

• Subsidies for vehicles for people with mobility impairments: Funds have been allocated (up to 18 per cent of the purchase price) to third-sector organisations that purchase vehicles for the transport of people with permanent mobility impairments.