Italy takes "maximum amendment" to the Senate to vote on the confidence of Budgets

Italy takes "maximum amendment" to the Senate to vote on the confidence of Budgets

The Italian government, of the anti-system Five Star Movement (M5S) and the extreme right-wing League, has presented today in the Senate a "maximum amendment" with the changes agreed with Brussels in the 2019 Budgets so that the document is submitted to the vote of confidence in the next hours.

Once the text gets a green light in the Senate, it will go to the Chamber of Deputies for final approval next week.

The European Commission (EC) rejected the Italian budget draft for next year because it was based, among other things, on a 2.4% deficit estimate of gross domestic product (GDP), and that is why Rome had to rectify.

The Italian Government, headed by the jurist Giuseppe Conte, wanted to avoid the opening of a sanctioning procedure and reduced its deficit forecast to 2.04% and growth to 1% from the initial 1.5%.

These corrections were approved by Brussels on 19 December and now Parliament has to approve them.

Time is short, there are few days until the end of the year, and that is why the Italian Executive has opted for the fast track, submit a "maximum amendment" in the Senate that includes all the changes in a single package and submit the Budgets to the vote of confidence, a mechanism widely used in Italian politics to avoid long debates and accelerate parliamentary procedures.

The Minister for Relations with Parliament, Riccardo Fraccaro, presented shortly after 2 pm local time (13.00 GMT) in the Senate this "maximum amendment" and right now the text is in the Budget Committee for study.

However, it is expected that the vote of confidence will be held late this afternoon, so the Senate will only have a few hours to read the document and then there will be no debate in plenary.

The opposition has strongly criticized the M5S and the League that do not allow to vote or debate the different amendments separately.

Budgets for next year will include some measures such as aid to taxpayers debtors in economic difficulties, who can regularize their position at reduced costs, as reported by the Italian media.

In addition, there will be a tax reduction for retirees who are currently living abroad and decide to change their residence to a southern Italian municipality with less than 20,000 inhabitants, since they will be able to pay only 7% of taxes for five years.

There will also be incentives to purchase electric or less polluting vehicles and a cut of up to 40% for so-called "gold pensions".


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