All the 2024 budget bill's financial
balances were improved in the Senate, Economy Minister Giancarlo
Giorgetti said in a keenly watched hearing before the House
budget committee Wednesday.
"The Senate's examination has produced a series of changes that
have on the whole generated an improvement in all the public
finance balances", he said of the 28-billion-euro package that
is now in its final straight and must be approved by the end of
the year.
The salient features of the bill are an extension by one year of
a labour tax wedge cut and the reduction of Italy's tax brackets
from four to three with the bottom two being merged to help low
earners.
Meanwhile Deputy Premier and Foreign Minister Antonio Tajani
reiterated that his centre right post-Berlusconi Forza Italia
(FI) party was seeking an extension to the controversial
'superbonus' green home improvement subsidy, which Giorgetti has
slammed for its deep impact on public finances and which the
government is seeking to slim down.
Tajani said: "FI's judgement on the budget is positive, we have
obtained what we were asking for, we are working for an
extension of the Superbonus, especially for those whose jobs are
over 70 per cent (completed), we will see whether in the
'milleproproghe' (omnibus decree) or in other legislative
solutions".
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