There are still some adjustments to be made, but Manobra is taking shape, in the particular context that sees very tight times and blankets. What follows, therefore, is a short textbook of the budget law shaped by the government’s amendments.
PENSIONS It was one of the most discussed points by the majority. In the end, an increase in the minimum to 600 euros is expected for those over 75 years old, but only from 2023. In addition, the revaluation of pensions between 4 or 5 times the minimum is sanctioned for 85% (out of 80) , however for higher checks, parentheses are revised with decrease in percentage. Still in the field of social security, the parameter of the strictest requirements for the Women’s Option does not change: the anticipation of the pension goes to 60 years, which can be reduced by one year, up to a maximum of 2, for each child. There is also the requirement of work. The option, by the way, applies to caregivers, at least 74% disabled and fired or hired by companies in a state of crisis. FISCAL WEDGE The income threshold within which the cut amounts to 3% is raised to 25 thousand euros, instead of the initial 20 thousand, while up to 35 thousand euros remains at 2%. BILLS The application of VAT at the rate of 5% to supplies of thermal energy produced with methane gas within the scope of the execution of the contract for the provision of energy services is extended until the first quarter of 2023. interruption of supply to customers of the natural gas transmission network. SUPERBONUS This was also one of the most discussed points on the eve of the maneuver. After collecting the requests from the operators, the Cilas, the notifications of the start of the work, in order to still be able to take advantage of the 110%, end on December 31st. There is one condition: that the resolutions of the assembly be approved before November 18th. FAMILY For households with four or more children, the fixed monthly increase in the family allowance rises from 100 to 150 euros. An increase in parental leave is also defined, from 30 to 80%, for another month and up to the sixth year of age of the children.
BASIC INCOME The possibility of continuing to receive the subsidy for those who are able to work is reduced by one month, thus standing at 7 in total. Conversely, however, the distribution to companies that employ permanent workers is increased to 8 thousand euros compared to the initial 6. MORTGAGES The mortgage rate can be changed from variable to fixed, with one requirement: the mortgage originally must not exceed 200,000 euros, the borrower must not exceed 35,000 euros from the Isee and must not have had late payments. Increase in the staff of the Penitentiary Police with 250 units for each year 2023, 2024, 2025. A fund was also created for the recruitment of police and firefighters. Expenses with the activation of insurance policies for non-intentional damage caused to third parties in the performance of the service are also authorized. INTERCEPTIONS A proposed amendment also addresses overheard conversations in intelligence activities. The task of authorizing them is entrusted to the Attorney General of Rome. Interceptions can last for 40 days with the possibility of extension, which however drops to 20 days in each period. Then, a “summary” report must be prepared, which must be filed 30 days after the end of the collection activity. The wiretaps are then destroyed after the Prime Minister’s communications to Copasir. EXTRA PROFITS The tax is levied only on companies with at least 75% of energy revenues.
POS After a comparison with Europe, the ceiling below which one is exempt from penalties for non-use is dropped. However, given that the government cannot directly intervene in bank fees, a mechanism is being studied to help traders or professionals whose income is less than 40 thousand euros. The law would provide for a fund created with the solidarity contribution paid by the banks. The value of the latter is determined through the Dpcm up to a maximum limit of 50% of the part that exceeds the bank commission. APP18 Also in this case there should be a change to the bonus dedicated to young people, but the terms, at least until last night, have not yet been defined. Among the circulated hypotheses, they link recognition to the Isee ceiling and academic performance. SPORTS COMPANIES Contributions and taxes suspended due to the pandemic can be paid in a single solution until December 31 or in 60 installments with an increase of 3%.
Source: IL Tempo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
