The draft 2022 budget, adopted on 28 October by Italy’s Council of Ministers and now under discussion in its Parliament, is closely aligned with the National Recovery and Resilience Plan (NRRP). The draft modifies several key measures of the first Conte government, including those concerning pensions and the citizens’ income. In addition, the government is launching two major social projects with more than €3 billion being directed to reform the unemployment insurance system, and €8 billion earmarked to reduce taxes, particularly on labour.
Pensions: returning to a calculation based on contributions paid. Originally set up for three years and due to run until 31 December, 2021, the ‘Quota 100’ (possibility to retire at age 62 once 38 years of social contributions have been paid c.f. article No.10970) will not be renewed. A ‘Quota 102’ ( age 64 plus 38 contribution years) will be in force in 2022 only.
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