Budget to include 8 bn euros of tax cuts - sources

(ANSA) - ROME, OCT 19 - The 2022 budget bill that Premier Mario Draghi's government is working on is set to include eight billion euros in tax cuts, several sources in the executive said on Tuesday.
    The tax cuts will be concentrated on income-tax IRPEF, the sources said.
    However, some of the parties supporting the administration called for even more money to be devoted to cutting the labour-tax wedge during a so-called 'control room' meeting of their representatives on Tuesday before a cabinet meeting convened to give the green light to the package.
    The budget is expected to feature around 25 billion euros worth of new measures.
    It is also tipped to contain measures to make the 'citizenship wage' minimum-income benefit less susceptible to fraudulent claims.
    There is also talk of the 'quota 100' system, which enables some groups of workers to start claiming their State pension early if the sum of their age and years of social-security contributions adds up to 100, being replaced by one which would require this sum to equal at least 102.
    The government had said it would change the quota 100 system for being too costly for the State.
    The 'quota 102' option might be a way to have a temporary stepping stone to a system in which everyone would have to reach the full retirement age of over 67 to start claiming a State pension.
    The government must present an outline of its 2022 budget to the European Commission shortly. (ANSA).