Energy groups will help Italy cover funding needs of 2027 budget, minister says
SPY•Italian Energy Minister Gilberto Pichetto Fratin said energy producers will contribute to funding Italy’s 2027 budget, which aims to finance about €23.5 billion in tax cuts and spending increases. Options under discussion include higher taxes on energy companies and financial firms.
1. Budget funding plans
Energy producers will contribute to funding Italy’s 2027 budget, Energy Minister Gilberto Pichetto Fratin said. The government aims to fund about €23.5 billion in tax cuts and spending increases, with options under discussion including higher corporate taxes on financial firms and companies that produce, distribute and supply energy products. Pichetto Fratin said discussions between the economy ministry and cabinet office were underway.
2. Income tax proposal
Foreign Minister Antonio Tajani said the government was working to extend the 33% income tax bracket to people earning up to €55,000 a year. Italy currently applies the 33% rate to annual income between €28,000 and €50,000, and a 43% rate to income above €50,000.
