Budget Bill: a hectic week of hearings and meetings – the schedule and who the Government will be hearing from
There are still a number of sensitive issues to be resolved, including funding from banks and insurance companies and pension cuts
Key points
Almost every day, from 11.00 to 19.50, in the Sala del Mappamondo at Montecitorio. On Monday 9 November, the Budget Bill enters the main phase of its parliamentary process. The Budget Committees of the Chamber of Deputies and the Senate, meeting jointly, will begin preliminary hearings ahead of the examination of the draft bill on the 2027 budget and the 2027–2029 three-year period.
Banks and insurance companies between Monday and Tuesday
The first institutional discussion on the budget comes at 2.30 pm with the Court of Auditors. At 3.50 pm, it is ANIA’s turn. Together with the ABI, due to speak on Tuesday at 9 am, it represents the sector most affected by the funding requirements: between banks and insurance companies, the contribution requested by the budget exceeds 5.5 billion euros. This afternoon will also see discussions on healthcare, involving the pharmaceutical industry, medical devices and the Medical Association, followed by ANCE and the Gimbe Foundation.
The social security section
On Tuesday 10th, proceedings begin at 8.30 am with the INPS, which is tackling the most sensitive pension-related section of the bill: the cut to pension indexation. For 2027, the draft bill reinstates a mechanism which the technical report describes as ‘similar to that applied in 2023’. Full adjustment for inflation remains only for pensions up to four times the minimum. Above that threshold, the percentages decrease as the amount increases, down to 32 per cent for pensions more than ten times the minimum. The same issue will be discussed in committee at midday with the CGIL, CISL and UIL.
Closes on Thursday
On Wednesday 11th, the schedule includes sessions with Istat, Confindustria, the Conference of Regions and, jointly, ANCI and UPI. Thursday 12th is the day dedicated to the institutions. At 2.15 pm, the Bank of Italia will speak, followed at 3 pm by the Chair of the Parliamentary Budget Office, Lilia Cavallari. At 4 pm, the Minister for the Economy, Giancarlo Giorgetti, will bring the series to a close. Meanwhile, the speakers have been officially confirmed, with one representing each party in the majority coalition: Mauro D’Attis (Forza Italia), Alberto Gusmeroli (Lega), Saverio Romano (Noi Moderati) and Angelo Rossi (Fratelli d’Italia).
Meetings at Palazzo Chigi
On Friday the 13th, however, the focus shifts to Palazzo Chigi, where the government is bringing together businesses and trade unions for three separate round-table discussions. At 9 am, Confindustria, ABI, ANIA and ANCE, amongst others, will sit down together. At 12 noon, it will be the turn of the agriculture, trade and craft sectors, and at 3 pm, that of CGIL, CISL, UIL and the other trade union organisations.
