The 2023 Budget Law, the first of the government presided over by Giorgia Meloni but already born with the last weeks of the Draghi government, it is based on a prudent and realistic approach that takes into account the economic situation, also in relation to the international scenario, and at the same time sustainable for public finance, concentrating a large part of the available resources on interventions to support households and businesses to counter high energy costs and rising inflation.
The measures, which will be sent to the Parliament and the European authorities, take as a reference the programmatic framework defined in the integration to the Update note of the 2022 economic and financial document. The measures contained in the budget maneuver amount to 35 billion euros.
Tax wedge cut
The gap between gross and net salary in workers’ paychecks will be reduced through a progressive intervention, as specified by the Minister of Enterprise and Made in Italy Adolfo Urso. Emphasizing that the cut will affect “two-thirds the worker and one-third the company”, you explained that “everything cannot be done at once”.
For this reason, the goal of 5 points less set by the executive, and announced by Prime Minister Giorgia Meloni herself in the speech on trust in the Chamber, will be achieved gradually. The Budget Law therefore confirms the 2% cut envisaged by the Draghi government. From here we will start to then get to 5%. The goal is to allow workers to recover part of the purchasing power lost due to inflation.
Who earns and how much
For incomes between 20mila a 35mila euroIn reality, salaries will not change and the 2% contribution relief introduced by the Draghi government is confirmed, with no news on the payroll for these employees.
Different speech for who earns up to 20 thousand euros: in this case, the cut in the tax wedge rises from 2% to 3% for 2023 and, consequently, the salaries for these workers will be slightly higher in the new year.
For those who earn 1,000 euros gross per month (therefore 13 thousand per year, also considering the thirteenth salary), the further 1% cut in contributions leads to paying no longer 71.90 euros per month but 61.90. Which means that salaries will increase by 10 euros per month.
For a salary of 1,300 euros per month (16,900 euros per year) the contributions drop from 93.47 to 80.47 euros per month, for an increase in payroll of 13 euros. On a salary of 1,500 euros (therefore close to the maximum threshold, with 19,500 euros per year) the contribution goes from 107.85 euros to 92.85 euros, for an increase in payroll of 15 euros per month.