The manoeuvre for 2026

Budget Law

Manoeuvre: building bonus unchanged for 2026 and hypothesis of an increase in the mothers' bonus to EUR 60

After approval of the Dpb, the text will return to the Council of Ministers on Friday 17. Irpef cut from 35% to 33%, 9 billion over three years

by Rome Editorial Staff

14 October 2025

Giorgetti: "In Manovra spazi per ceto medio e per pace fiscale"

4' min read

Translated by AI

Versione italiana

Key points

Abi: yes to agreed bank contributions over several years
Today's Budget Planning Document (BSP)
The cry of alarm from businesses
From the Irpef cut to scrapping

4' min read

Translated by AI

Versione italiana

È durato poco meno di due ore il consiglio dei ministri con all’ordine del giorno il decreto legge economia, un’informativa sul Documento programmatico di bilancio 2026 e l’illustrazione delle linee della manovra 2026 il cui valore sale dai precedenti 16 a 18 miliardi. Tra le misure la proroga per il 2026 alle stesse condizioni previste per l’anno 2025 dei bonus per ristrutturazioni edilizie, la revisione Isee con intervento sul valore della casa, un intervento di 2 miliardi per adeguare salari a costo della vita con uno stanziamento complessivo nel triennio di circa 3,5 miliardi per la famiglia e il contrasto alla povertà. Previsto anche il taglio dell’Irpef con la riduzione della seconda aliquot

For businesses, the budget law will favour investments in tangible assets through an increase in the acquisition cost valid for their depreciation, for a total value of 4 billion. There will be tax credits for businesses located in special economic zones (Zes) and, to the extent of 100 million over the three-year period 2026-2028, for simplified logistics zones (Zls).

Alla sanità la manovra garantirà, oltre ai rifinanziamenti per l’anno scorso della scorsa Legge di bilancio, pari a oltre 5 miliardi per il 2026, a 5,7 miliardi per il 2027 e a quasi 7 miliardi per il 2028, 2,4 miliardi per il 2026 e 2,65 miliardi per il biennio successivo. Nella manovra ci sarà anche la pace fiscale per tutto il 2023. Lo confermano da fonti di governo spiegando che la cosiddetta rottamazione sarà selettiva, come aveva spiegato il ministro dell’Economia Giancarlo Giorgetti nei giorni scorsi. Prevista l’esclusione di chi non ha mai presentato la dichiarazione dei redditi. Ci saranno anche iniziative «sulle pensioni (aspettativa di vita)» specifica in una nota aggiuntiva il Mef.

Sul fronte delle coperture «oltre agli effetti di miglioramento del quadro di finanza pubblica - informa una nota del ministero dell’Economia - anche dovuti alla rimodulazione del Pnrr, concorrono al finanziamento della manovra, sul versante delle entrate, le risorse reperite a carico degli intermediari finanziari e assicurativi e, dal lato della spesa, interventi sugli stanziamenti di bilancio». Il contributo da banche e assicurazioni dovrebbe ammontare a circa 4,5 miliardi.

Giorgetti: manoeuvre outlined, Friday details

"We have approved the Dpb, there is a peremptory deadline of 15 October to send it to Brussels. On Friday we will define it in detail," said Giorgetti, speaking at the Coldiretti forum, emphasising that "the outlook is quite clear. "Before allocating the resources for the other ministers, who have also made their requests today, I start from minus 80 billion, which is the interest I have to pay," the economy minister stressed, explaining that "we have to make good debt, there is a responsibility to create debt and this government is back in primary surplus. Then he responded with a joke to reporters: "Pope Leo has worked a miracle" on the manoeuvre.

"The government,' Giorgetti continued, 'wants to continue to play its part in relaunching domestic demand, sustaining purchasing power by reducing the tax burden on the middle class, therefore with the announced reduction of the Irpef rate from 35% to 33%, but also with a strong incentive for the renewal of labour contracts, because we think that this stimulus can also produce a wage recognition as a consequence, which will somehow translate into demand and consumption.

Abi: yes to contributions agreed banks over several years

Meanwhile, the executive committee of the ABI 'unanimously approved the continuation of the multi-year contributions to the state budget, in the same logic agreed upon last year, for the relaunch of the economy and social solidarity', according to a note issued by the association regarding the contribution requested by the government from the banks in the financial manoeuvre.

The Budget Planning Document (BSP)

After the approval of the tables of the budget law, the so-called Dpb (to be sent to Brussels by 15 October) and the illustration of the manoeuvre lines, the text of the manoeuvre will go to the Cdm on 17 October;

Sunday evening's majority summit at the home of Prime Minister Giorgia Meloni was not decisive, as the previous one had already been. And in majority circles there are reports of a situation that is still "interlocutory". The manoeuvre "is not closed", Economy Minister Giancarlo Giorgetti confirmed on Monday 13 October, meeting businesses at Palazzo Chigi. Many requests are coming from employers' and trade organisations, from reducing the tax burden on the middle class to the tax relief on thirteenth month bonuses, and even to Transition 5.0

The cry of alarm from businesses

Confindustria (Confederation of Italian Industry) is raising the alarm because all incentives will end in January and 'Italian industry is naked'. The manoeuvre 'lacks the word growth', thunders the president of industrialists Emanuele Orsini from Milan. Meanwhile, the Ministry of Economic Affairs is working to close the menu of measures, in the knowledge that the blanket is short and that not everyone - associations, but also political forces - can be satisfied