budget law

the “manoeuvre”

A manoeuvre for men only

Row over the 64 quota between Durigon, Salvini and Giorgetti. And Fdi sides with the Ministry of Economy and Finance

3 NOV 26

Lukewarm “friends”

From Confindustria to CISL, the budget does little to lift spirits: “It’s hard to do business like this”

Groups not opposed to the government are taking a cautious stance on the budget. Fumarola: “We do not agree with raising the flat-rate tax threshold to 100,000 euros. Nor can the 33 per cent income tax rate be implemented at the expense of pensioners.” Streparava (Confindustria Brescia): “It’s like a teaspoon in a sinking ship.”

Luca Roberto

30 OCT 26

From Confindustria to CISL, the budget does little to lift spirits: “It’s hard to do business like this”

Change, don’t punish

The government, which wishes to forge a new relationship with the banks, should start with the section on ‘guarantees’

What is the point of introducing measures capable of inflating bank profits, only to then label them ‘extra profits’ and tax them? Issues to be resolved

Nicola Rossi

30 OCT 26

The government, which wishes to forge a new relationship with the banks, should start with the section on ‘guarantees’

following the manoeuvre

Small property owners are celebrating: “Meloni has listened to us on the agreed rent: this means thousands of new flats on the market”

“With the tax rate set at 5 per cent, the supply on the rental market will increase significantly. The flat-rate tax for commercial properties is also a positive development. Now we need to do more on evictions,” says Fabio Pucci, president of the Small Landlords’ Union.

Gianluca De Rosa

29 OCT 26

Small property owners are celebrating: “Meloni has listened to us on the agreed rent: this means thousands of new flats on the market”

The map and the abacus

Meloni’s stance. She is more concerned about a Trump attack on Iran than the election in Israel. Tajani’s income tax

The Prime Minister is convinced that the mid-term elections in the United States will change the world. If the Tycoon loses – and this is the spectre haunting Chigi – he could launch an attack on Tehran. It is the "hot topic". Today is the day of the Council of Ministers meeting on the budget. The latest development concerns personal income tax: funding will be covered by bank funds

Carmelo Caruso

28 OCT 26

The editor’s editorial

Two bits of madness about the budget

They are fixated on what works: the ‘minimal’ manoeuvre. And they turn a blind eye to what should be horrifying: the demonisation of profits. Short-circuits in the Budget Bill, with those widespread, mind-boggling omissions

Claudio Cerasa

17 OCT 26

At Palazzo Chigi

Meloni’s next steps. She writes to the EU again and awaits the mid-term elections. Fears of a rift within the League over the budget deviation

"Toglietemi il rialzo". The Prime Minister’s remarks at Assolombarda reveal the government’s need: less is more. A possible clash today in the Chamber between the “deviants” and the “sliders”. The letter co-signed with Merz, calling for answers on energy

Carmelo Caruso

13 OCT 26

Meloni’s next steps. She writes to the EU again and awaits the mid-term elections. Fears of a rift within the League over the budget deviation

Fiscal drag in the budget

Meloni calls for flexibility within the EU regarding inflation, but does not take fiscal drain into account

The 8.3 billion in additional personal income tax revenue over the two-year period 2026–2027 could offset part of the costs of inflation. However, the government has not clarified how it intends to account for this revenue, whilst asking Brussels for greater spending leeway.

Massimo Bordignon

, Marco Leonardi

e Leonzio Rizzo

13 OCT 26

The case

Meloni and the ‘over-inflated’. She fears the spread and inflation. Giorgetti: ‘I won’t print money’. Urso’s humanoids

Meloni and Giorgetti fear the impact of inflation and the spread. The Minister for the Economy: “I expect the EU not to engage in academic discourse.” A cautious line prevails. A brief exchange in the Council of Ministers regarding grandparents: “We’ve grown old too.” Urso is silenced by the Prime Minister on the subject of humanoids

Carmelo Caruso

3 OCT 26

the analysis

Prudence does not mean a lack of courage. Notes for the next budget

With the period marked by the (disastrous) Superbonus scheme and the (less exciting than expected) PNRR now behind us, the challenge is to make the private sector the source of growth. Ideas for the 2027 Budget Bill, despite the deficit

Nicola Rossi

29 SEP 26

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