An addition from 33.5 billion. According to i, this is a positive balance of tax and contribution income in the first nine months of the year. Data from State Accounting. With a jump of 5.6%, the tax sector confirms itself as the protagonist, collecting 27.9 billion more (+6.5%), while social security adds another 5.5 billion (+2.9%). .
Among the driving factors, Irpef WithholdingsA sign of a healthy labor market, and taxes on company profits. Astonishingly, “quarter scrapping” increased assessment and control revenues by 29 percent, amounting to an additional 2.4 billion.
Continuity of local taxes
Not only the central tax office but also local authorities’ coffers are smiling. Regions and municipalities recorded additional revenue. 2.8 billion. Regional IRAP saw an increase of 8.3%, translating into an additional 1.6 billion, while additional Irpef taxes added another 885 million to the plate (+8.6%).
Even me Municipality Keep pace: Local Irpef grows 8.2%, while Imu, with +0.7%, contributes 70 million. However, the real driver is national income, which reached 418.6 billion between January and September, up +25.5 billion from the same period in 2023.
Business and rates: a winning combination
Positive business performance is reflected in revenues. Ires, corporate income tax recorded a increase by 10.2%, with more than 3 billion, while the dividend guarantees another billion (+25.2%).
But the real big hit comes from the impactIncrease in interest rates: Alternative taxes on capital and interest income gave the exchequer a good 5.8 billion (+74.3%). VAT also played its part, increasing by 4.3 percent, for a total of an additional 5.1 billion.
Implications for fiscal policy: between minimum wages and pension funds
The minimum wage is back on the table thanks to an amendment passed again by the Budget Commission. After the initial dischargeis the appeal of the opposition. Reopened the discussion. The proposal, jointly supported by Pd, M5S, Action, Iv and Alleanza Verdi e Sinistra, aims to introduce a regulation that guarantees minimum compensation by law. This issue is a test of the unity of the opposition.
The minimum wage is just one of the issues on which the opposition is trying to unite. Application has been added. Limits on recruitment in public health should be removed.focused on Equal leave and interventions for the automotive sector and post-flood reconstruction in Emilia-Romagna. Meanwhile, the Democratic Party attacks the budget law, announcing cuts to anti-mafia funds and the elimination of legal classifications, a primary means of guaranteeing transparency in procurement.
An amendment to the maneuver has come out of the majority proposals. Strengthening of pension funds. The initiative, supported by the Lega and Fratelli d’Italia, provides for an additional six months during which workers will be able to allocate their severance pay to a supplementary pension. In the absence of a clear choice, The severance pay will automatically be transferred to the pension funds.. The intervention aims to encourage participation in supplementary social security systems.
The selected amendments will be finalized in a few days, with the first vote expected on Tuesday. The most critical phase of the budget session is now in full swing, with parties and parliamentary groups racing against time to get their priorities approved by Christmas.
