The Council of Ministers, on the proposal of President Giuseppe Conte and Minister of Economy and Finance Giovanni Tria, approved the bill relating to the state budget for the financial year 2019 and the multi-year budget for the three-year period 2019 - 2021. The main changes:
Basic income
A universalistic income support measure will be introduced, with the provision that no citizen has a monthly income lower than Euro 780, which grow according to the number of family members.
Citizenship pension
The minimum pensions will be increased up to 780 euro, with a differentiation between who owns a property and who is not.
Flat tax for VAT and small businesses
The minimum thresholds of the flat-rate scheme are extended up to 65 thousand euros, providing for a flat rate of 15 percent.
Ires at 15 percent
IRES is cut from 24 percent to 15 percent on profits reinvested for research and development, machinery and to ensure stable hires, encouraging investment and stable employment.
Flat tax to 21 per cent on new leases, including commercial ones
A fixed coupon for 21 per cent is also expected on new commercial property leases, such as warehouses.
Overcoming the Fornero law
The age limits for retirement provided for by the Fornero law are abolished, introducing the "quota 100": you can retire with 62 years of age and 38 years of contributions paid, thus favoring those who started working at a very young age and at the same time facilitating the necessary generational change in the Public Administration and in the private sector. For women, the “Woman Option” is extended, which allows female workers aged 58, if employed, or 59, if self-employed, and 35 years of contributions, to retire.
Green Ires
Tax incentives are introduced for companies that reduce pollution by using production techniques with lower emissions.
Compensation for victims of banking crises
A fund from 1,5 billion is set aside to compensate all the victims of banking crises. The fund is thus expanded by 14 times compared to before.
Relaunch of public investments
An additional 15 billion is allocated over the next 3 years to relaunch public investments, especially in the area of infrastructure, seismic retrofitting, energy efficiency, artificial intelligence and new technologies. A task force is also created to quickly evaluate, monitor and activate investment projects.
Extraordinary recruitment plan
500 millions are allocated for a large recruitment plan for policemen, magistrates and administrative staff, in order to provide citizens with greater security, faster civil and criminal processes and a more efficient Public Administration.
Task force for the quality of public spending
A task force is created to review all public spending. The team will analyze in detail every single item of expenditure in the state budget to intervene on waste and make spending more efficient, intervening, among other things, on blue cars, state flights and stocks.
Publishing, stop to public financing
The gradual elimination of the public fund for publishing is expected.
Gold pensions
Action is taken on golden pensions, above 4.500 euros per month, in order to reshape the higher pension treatments and make them more equitable in consideration of the contributions paid.
Reduction of military expenditure
A reduction in military expenses equal to the funds necessary for the reform of the employment centers is expected.
Health waiting lists
Action is taken to drastically reduce waiting lists with the allocation, among other things, of a fund of 50 million for the regions for interventions to reduce waiting lists. Furthermore, with the establishment of the national digital Single Booking Center (CUP), it will be possible to monitor when appointments have actually been made, in order to avoid possible fraudulent episodes of undue advancement in the waiting lists.
More money for school and technical and professional institutions
The necessary funds are allocated for a profound reform of technical and professional training, in order to return to training professionals and technicians increasingly in demand in the industry and fashion sector.
Discounts for those who hire innovative managers
Investments are made in technological innovation, with important tax incentives for all companies that will hire a highly qualified innovation manager.
Italia.it
More funds to re-launch Italia.it and turn it into a website to promote Made in Italy.
Strengthening the fund for microcredit to businesses
The fund is doubled for micro and small businesses.
Cut to waste
Up to € 2 billion is recovered thanks to the reorganization of spending, including the obligation for public administrations to purchase goods and services through Consip.
Funds for health
284 millions are allocated for the contract renewals of all the staff of the National Health Service and other 505 million will be allocated to the regions for pharmaceutical expenses.
Abolition of the number closed in the Faculty of Medicine
The number closed in the Faculty of Medicine is abolished, thus allowing everyone to access the studies.
Commissions management of Health
The incompatibility between the position of Commissioner for Health and any institutional position in the region subject to commissioner is reintroduced.
An increase in the Fund for civil service is expected.
Now we will have to wait for the examination of the EU Commission and the markets.
As for the most awaited appointments, Defense and Intelligence Services still smoked black. Apparently, rumors of the palace report that there would be no agreement on the name of the new head of aeronautics.