Parliament begins the general debate on the proposed 2027 State Budget today, 27 October. The Public Finance Council (CFP) considers the government's 0.1% budget surplus projection plausible, though it warns that certain economic measures could threaten these targets.
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The Prime Minister held a parliamentary debate following the presentation of the 2027 State Budget proposal. The proposed budget includes a 3.88% update to IRS tax brackets, though opposition parties criticized the government's handling of housing, healthcare, and cost-of-living concerns.
The government has submitted the 2027 State Budget, which includes a rise in the national minimum wage to 970 euros and a 3.88% update to IRS tax brackets. The budget maintains existing housing support for youth under 35 (public guarantees and IMT/Stamp Duty exemptions) and plans to adjust university tuition fees by the inflation rate starting in the 2027/2028 academic year. The bill is set for a general parliamentary debate on October 27 and 28, with a final global vote expected on November 24.
Opposition parties have announced a series of proposed amendments to the upcoming State Budget, focusing on VAT cuts for fuel and food, tax deductions for mortgage interest, lower retirement ages, and wealth taxes. The government has warned that any added measures must be fiscally neutral to avoid a budget deficit. The budget proposal is scheduled for parliamentary debate on October 27 and 28, with a final vote set for November 24.