Lucrezia Ciotti The 2027 budget is starting to take shape, with tax breaks for salary increases for young people, possible changes for self-employed workers, and retirement at 64. Giorgetti outlines the League's proposals, but the resources and sustainability of the measures remain to be determined.
2027 Budget, a flat tax for young people and a 64-year retirement age: Giorgetti's proposals
More favorable tax treatment for salary increases, especially for young people, and a possible expansion of the preferential regime for VAT numbers : these are some of the proposals outlined by the Minister of Economy, Giancarlo Giorgetti , at the Lega Nord initiative "In Tu Difesa – Verso la Finanza 2027" (In Your Defense – Towards the 2027 Budget). The starting point is the level of entry-level salaries: " It is absolutely clear that the salaries of young people entering the workforce are too low ," the minister observed.
The idea is to reach an agreement with companies willing to increase paychecks, applying a reduced substitute tax on the additional portion, similar to the 5% tax relief Giorgetti called for for contract renewals in the previous budget. " We need to propose a tax advantage, but one that is compatible with the willingness of entrepreneurs ," he explained, also highlighting the goal of combating the brain drain.
Therefore, this is not an automatic increase for all workers, but a measure yet to be defined. For self-employed workers, the minister has opened the door to the possibility of raising the threshold for access to the flat-rate scheme , currently set at 85 euros of revenue or compensation, for which the standard rate of 15% applies.
The League has long been pushing to raise the limit to €100, but Giorgetti acknowledged that "negotiations with Brussels" will be necessary. The proposal, which could arrive during the general election year, would also reopen the debate on fiscal fairness with respect to the taxation of employed workers.
Pensions at 64, banks, and energy costs: other key issues in the budget
Among the pension issues , the League's proposal to allow retirement at 64 remains , with the aim of " correcting a bias between those who began working before 1996 and those who began working after 1996. " However, Giorgetti clarified that any intervention must " obviously ensure long-term sustainability ." The position on banks is more cautious, following the League's proposal for a 5% contribution on extra profits, from which the party aims to raise €2-3 billion to allocate to families, businesses, and security.
The measure is opposed by Forza Italia , and the minister preferred to emphasize the role of competition: " If you introduce elements of competition into the system, you see that some positional incomes and some extra profits automatically decrease to the benefit of the community ." In the background remain the high cost of energy , with oil around $100 and gas reaching 75 euros, and European budget constraints . Giorgetti reiterated the need to protect the stability of public finances , also in light of the turbulence in international markets, while the government evaluates the resources that may be available thanks to European flexibility on defense and energy spending.
The minister also proposed zero commissions for micropayments up to 10 euros with the digital euro . In the immediate future, attention is focused on fuel: the last excise duty cut on diesel expires on Thursday, September 10 , and the government is evaluating new targeted measures, which could be examined by the Council of Ministers in the next few hours, although a postponement is not ruled out.