It will be possible to extend the Newborn Fund to contributions for minor children

The joint Budget Committees of the Chamber of Deputies and the Senate are holding the following hearings as part of the preliminary fact-finding activity ahead of the examination of the bill on the State budget for fiscal year 2027 and the multi-year budget for the 2027-2029 triennium. The 'newborn fund' position could also be opened to families with minor children, allowing them — even without the 100-euro contribution from the State — to make voluntary contributions applying the 19% tax deduction provided for up to 1,000 euros. This is one of the indications that emerged during the hearing of Inps director general Valeria Vittimberga, who calculated a cost of 45 million in 2028, but also the possibility of avoiding a disparity between siblings under the new instrument provided for in the budget package, considered "the most innovative measure." "Families with minor children born before 2027," Vittimberga stated, "could have the same interest in building long-term savings for them. These families could also be allowed to open a position and make voluntary contributions applying the same deduction, even without the 100-euro public contribution. The cost to public finances would remain limited to the deduction: an increase in lower revenues of around 45 million euros from 2028, declining until it disappears entirely from 2046. This would, for example, avoid a disparity between siblings born before and after 2027." Reproduction reserved © Copyright ANSA