Dpb in the House

Tax-free wages also in the public administration, here are the measures of the manoeuvre

On pensions interventions of 3 billion over 3 years. In the race for cover, Pnrr remodulation (5 billion) surpasses banks (4.5)

by Marco Mobili and Gianni Trovati

Manovra, Cdm approva le linee guida: taglio Irpef e pace fiscale

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

Deductions of salary shares to defend purchasing power will also be made for civil servants and will go hand in hand with the 10% flat tax and the ultra-light rate on productivity bonuses for the private sector. 3 billion euro will be dedicated to pension adjustments between 2026 and 2028, which will be used to progressively increase the requirements linked to life expectancy with ad hoc protection for hardworking and precocious workers.

The second rate of Irpef will fall from 35 to 33% with sterilised effects only for the highest incomes, and the deductions for interventions on first homes (50%) and other properties (36%) will remain in place in the same form as this year. On social policies, alongside the obvious replication of the "Dedicated to you" card that will support the purchase of basic foodstuffs for families in economic difficulty also in 2026 and 2027, there will be funds for "the completion of the reform of the role of the family caregiver", and the bonus for working mothers will be increased (from 40 to 60 euro). The interventions for businesses are staking all their cards on the return of i

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Manovra, Cdm approva le linee guida: taglio Irpef e pace fiscale

Families and businesses

Between confirmations and novelties, here comes the first official menu of the budget law expected on Friday at 11 a.m. on the table of the council of ministers. In absolute value, the single most substantial ingredient (3 billion) is the tax incentives for companies; but widening the gaze a little, it is evident that it is the measures for workers and families, divided into several items, that dominate the scene.

Less Irpef

The Irpef cut, as expected, will cost about 2.8 billion per year, while 2.1 billion will be directed to the additional tax burden on labour with the de-taxation of contractual increases and productivity bonuses in the private sector, while in the public sector the tax relief will focus on portions of the 'ancillary salary', that which is added to the basic salary (the tabular) in the PA employees' pay scheme.

Social measures

Family and welfare will be able to count on 1.6 billion euro, which will also be used for the exclusion from Isee calculations of the cadastral value of housing up to 92,000 euro (today, the reduction takes away 52,500 euro) and the strengthening of benefits for families with at least two children by intervening on the 'equivalence scale' that reduces the indicator based on the composition of the family nucleus. Strong investments (1.4 billion) will also be made for security and civil protection, while the pensions dossier will be based on 450 million euro in 2026 (and three billion euro over the three-year period).

Resources from Pnrr and banks

Sul lato delle coperture, sono confermati i 4,5 miliardi chiesti a banche e assicurazioni, nelle forme che usciranno in queste ore dal confronto con gli istituti di credito. Ma non è questo il pilastro più grosso nell’architettura della manovra. Che poggerà prima di tutto su 5 miliardi liberati dalla rimodulazione del Pnrr, proposta nei giorni scorsi a Bruxelles e ora in attesa del via libera da parte della commissione Ue: il ridisegno infatti sposta in avanti una serie di spese e carica sui fondi Ue alcuni interventi fin qui finanziati con fondi nazionali, aprendo di conseguenza margini per le misure della manovra. L’aiuto è forte ma non basta: perché altri 2 miliardi saranno chiesti ai ministeri con un doppio taglio, più lineare sulla spesa corrente e modulato in base ai ritardi sull’utilizzo degli stanziamenti nel caso delle uscite per investimenti.

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