May 16, 2021

The Italian Senate approved the budgets at dawn and between protests

The Italian Senate approved the budgets at dawn and between protests



The Italian Senate approved the budgets, finally endorsed by Brussels, after a marathon session that ended at dawn with complaints from the opposition on the grounds that it did not know the whole project, so it will appeal to the Constitutional Court.

The Italian government, formed by the League and 5 Star Movement parties, imposed a vote of confidence, a measure widely used to avoid voting on amendments and accelerate the approval of laws, which protested the opposition Democratic Party (PD) who announced that he will report it to the Constitutional Court.

Between cries of protests and posters against the Government, the opposition criticized that they have not known budgets until now and that a document of such magnitude can not be evaluated in a few hours.

"More poverty for all," read the posters displayed by the senators of Forza Italia of Silvio Berlusconi, who believe that Italians will have to pay the increase in debt.

After 02.30 am (01.30 GMT) the vote of confidence in the Government on the budget got 167 in favor, 78 opponents and 3 abstentions, including senator for life and exmandatario Mario Monti and the senator of the M5S, very critical of his own party, Gregorio Di Falco.

The Government urged him to approve the budget in the Senate because now the text will reach the Chamber of Deputies on December 28, at the limit of the required date.

This new budget reflects the reduction of the deficit to 2.04% of the gross domestic product (GDP) with a growth of 1% in 2019, some corrections that got green light on December 19 from the European Commission.

The M5S and the League, which govern Italy since June 1, had prepared in September a macroeconomic picture that predicted a deficit of 2.4% of GDP to finance a series of measures, such as a subsidy to unemployment, tax cuts or a reform of the pension system.

The budget approved by Brussels includes a financing of 4,700 million to reform the pension system and accelerate the retirement age, workhorse of the League, and another 6,100 million to provide unemployment aid of about 780 euros, a star promise of the M5S .

In order to reduce the deficit these measures will be implemented from April.

The document includes a single tax of 15% for self-employed workers, a measure that the League had championed in the electoral campaign and that initially would be for all incomes.

The Government also contemplates a reduction of the so-called "golden pensions", which will be 15% for retirees who receive between 100,000 and 130,000 euros per year and up to 40% in the case of those who exceed 500,000 euros.

VAT will not increase in 2019, online commerce companies will have to pay a tax rate of 3% on digital services, there will be tax incentives of up to 6,000 euros for those who buy electric, hybrid or non-polluting vehicles, and a tax for cars high-range pollutants.

A fund of 5,000 million will be destined to favor the accessibility and mobility of people with disabilities in the country and another identical fund will be dedicated to women victims of sexist violence.

Retirees who currently live abroad and decide to change their residence to a southern Italian municipality with less than 20,000 inhabitants will pay only 7% tax for five years.

Finally, a total of 400 million euros will be reserved to secure roads, schools and public buildings and 75 million will go to Rome, so that the City asphalt the streets and end the problem of potholes in the roads.

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