Sammarinese Politics Faces Busy Summer as Key Reforms Take Center Stage
A packed legislative agenda awaits Sammarinese policymakers, dashing any hopes of a quiet summer break. With several critical dossiers demanding attention, commissions are bracing for a demanding week, focused on institutional reforms, financial regulations, and budget revisions.
Institutional Reform and Financial Scrutiny
A new meeting is scheduled for the special commission dedicated to Institutional reforms, signaling a continued push for modernization within the Sammarinese government. The Finance Commission will convene on Wednesday and Thursday, initially in a closed-door session to continue debating the findings from a recent hearing with top officials from the Central bank regarding securitization operations.
Following the confidential discussions, the commission will publicly examine proposed legislation concerning the statute of Via del Voltone and regulations governing the issuance of public debt securities. The Bureau will also meet on Wednesday to establish the dates and agenda for further deliberations, anticipated for mid-July, with several potentially contentious issues expected to dominate the discussion.
Tax Reform and Budget Adjustments
Among the most significant items on the agenda is the first reading of a bill concerning RIFORMA IGR, a comprehensive overhaul of the tax system. Deposited after a state congress in Horas, the proposed reforms are already sparking debate, particularly within the labor unions. However, the ruling Majority has assured stakeholders that the project remains open to amendments.
A first council examination is also planned for a variation to the forecast budget for 2025. According to a report from the Finance Secretariat, the proposed adjustments are “pretty technical and very synthetic,” primarily focusing on the state budget and adjustments to “mostly referred to compulsory expenses.” This includes integrating the existing “renovation bonus” program, outlined in the recent “home law,” into current conventions.
Fiscal Outlook Remains Stable
The executive branch aims to complete a second reading of the budget variation by September or October, with any government amendments expected to be “exclusively technical” in nature, reflecting commitments made to Parliament. Despite the ongoing revisions, officials report that revenue trends are currently “as expected,” with forecasts predicting a “light increase” in the second half of the year. Liquidity remains stable, and continued attention is being paid to containing current expenditure.
The coming weeks promise a period of intense activity for Sammarinese lawmakers as they navigate these complex issues and strive to deliver on key policy objectives.
