In the process of approving the 2026 Budget, the Senate Budget Committee declared 105 amendments reported by the parliamentary groups inadmissible. This is an important technical step in the political debate on the changes to the 18.7 billion euro budget law, currently being examined by Palazzo Madama. Among the 105 amendments excluded, 18 were judged inadmissible by subject matter.
In this case the groups will have the possibility to replace them with other modification proposals, respecting the overall number. Another 87 amendments were instead blocked due to lack of financial coverage, a requirement that must be guaranteed if the political forces decide to reformulate them.
The amendments allowed, Bankitalia gold and ESM shares
In the long list of proposals, two amendments successfully passed the technical scrutiny of the presidency of the Budget Commission.
Amendment 1.1 by Fratelli d’Italia group leader Lucio Malan was admitted, specifying that Bankitalia’s gold reserves “belong to the State, in the name of the Italian people”. This is a symbolically relevant intervention, at the center of the political debate for several years.
Green light also given to the amendment by senators Testor and Dreosto (Lega) which provides for the sale of the ESM shares held by Italy. Both measures, considered sensitive on an economic and institutional level, will therefore be included in the package of changes discussed in the coming days.
Summit at Palazzo Chigi: open issues
To take stock of the situation, a new summit was convened at Palazzo Chigi between Prime Minister Giorgia Meloni and the majority leaders.
The meeting aims to define the final package of changes to be introduced to the Maneuver and to guarantee a political balance between the requests of the various parties. The main topics on the table are the same as those already identified in the previous comparison:
- regulation of short-term rentals;
- extension of hyper-depreciation;
- dividend tax regime;
- expansion of the ISEE exemption on first homes;
- measures to encourage the emergence of investment gold.
According to what has been filtered, the objective is to complete the corrective measures by mid-December, without modifying the financial system of the Budget, as requested by the Minister of Economy Giancarlo Giorgetti.
The political scenario
The changes to the Budget Law are intertwined with the outcome of the regional elections in Campania, Veneto and Puglia, which have recalibrated the balance of power within the coalition.
Particular attention is paid to measures that impact taxation, real estate incentives and the banking sector, areas in which significant divergences remain.
The revision of the regulations on short-term rentals is one of the most controversial topics. The debate focuses on the property threshold beyond which a higher rate is applied: from the current five it could drop to three.
Forza Italia is against the increase in flat rate tax from 21% to 26%, envisaged by the Budget for short-term rentals, and asks to keep it unchanged at least for the first property.
The second divisive issue concerns the contribution of the banks. The League proposes to bring IRAP to 2.5% with an exemption for smaller institutions; Forza Italia opposes and considers the chapter closed. Also on the table are:
- expansion of the ISEE exemption on first homes;
- new criteria on the dividend regime;
- taxation on investment gold;
- hiring in law enforcement and military structures.
The discussion will continue in the next few hours to define which measures will find space in the text that will arrive in the Chamber.
