Italy's 2025 Budget: A Focus on Healthcare and Employment Without Tax Increases
Italian Premier Giorgia Meloni expressed pride in the newly approved 2025 budget bill, emphasizing its serious nature and common sense approach. Speaking alongside deputy premiers Antonio Tajani and Matteo Salvini, as well as Economy Minister Giancarlo Giorgetti at a European Union summit with Gulf States, Meloni outlined the government's ongoing strategy focused on employment, income stability, and health care.
"We aim to improve citizens' salaries and health without increasing taxes while keeping our finances in order," Meloni stated, highlighting that healthcare funding is set to reach a substantial 136.5 billion euros in 2025, with projections of 140 billion euros for the following year.
In addressing measures related to banks and insurance companies, she pointed out that while they are not seen as adversaries, their substantial profits would facilitate a 35 billion euro contribution to the national health system. This inclusion is part of the government's commitment to redistributing resources to support low-income families.
The draft budgetary plan (DBP) submitted to the European Commission accounts for 30 billion euros worth of new allocations. Notably, the budget also includes a 1,000-euro bonus for parents of newborns, alongside maintaining cuts in the labor tax wedge for lower earners initiated in the 2023 budget law.
Furthermore, the DBP continues the Quota 103 scheme, which allows individuals to begin claiming state pensions under specific conditions before reaching the standard retirement age of 67. It also promotes incentives for older citizens to remain in the workforce.
With roughly 23 to 24 billion euros of the financial coverage relying on a review of public spending, ministries are tasked with cutting their budgets by around 5%. As Italy navigates its financial landscape, the Meloni government’s agenda reflects a critical balance between fiscal responsibility and social investment.
Related Sources: