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In Italy, the government of the Prime Minister presented this Monday evening its first budget for the year 2023. The executive puts on the table a little more than 30 billion euros, the majority of which is devoted to the fight once morest the effects inflation and the energy crisis
With our correspondent in Rome, Eric Senanque
Reducing the tax burden on households and businesses, such is the leitmotif of Giorgia Meloni. Thus, of the 32 billion euros that Italy intends to spend next year, 21 will be used to help families and the various industrial branches to pay their gas and electricity bills.
To cope with the high cost of living, the Italian government has also announced the reduction of VAT on diapers or sanitary napkins, from 22% to 5% but not on products such as pasta or milk as originally envisaged. A savings card should however be issued by the municipalities to the most modest families, financed by a fund of 500 million euros.
Towards the end of citizenship income?
The Meloni government also announced tax incentives for companies that hire people under 35 on permanent contracts and confirmed one of the flagship proposals of the right-wing coalition, the extension of a ” flat tax “, a flat tax of 15% for the self-employed earning up to 85,000 euros per year.
To finance this budget, Giorgia Meloni intends to increase the deficits, but also proposes a radical measure: the end of the citizenship income from 2024, a flagship measure of the 5-star Movement of his predecessor Giuseppe Conte.
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