The timetable for the manoeuvre, all the stages up to approval

The maneuver race has begun. The bill approved by the council of ministers arrived eight days after the deadline set by law. The October 20 deadline for sending it to the Chambers is not peremptory, but the postponement cuts the time for parliamentary discussion. The maneuver must in fact be approved by December 31st, beyond that date the provisional exercise would risk starting. Time is running out.

SENDING THE TEXT. The first step is the deposit of the text in Parliament, expected at the beginning of next week.

INCHARDINATION TO THE CHAMBER. The examination of the maneuver, following the alternation rule, will begin this year in Montecitorio. The Budget Committee is expected to hinge the text on Tuesday 3 November. The other commissions will also be involved for the aspects within their competence.

AUDITIONS. They will start from November 5th. Until the 12th, parliamentarians will listen to the main institutions, from Istat to the Bank of Italy, the social partners and the economic categories. Normally, the cycle of hearings ends with the intervention of the Minister of Economy, Giancarlo Giorgetti.

AMENDMENTS. Parliamentarians can then present their proposed changes by November 17, as currently assumed. For parliamentary amendments, a budget is foreseen, which could be around 300 million. At the end of the examination of the parties' proposals, the government normally presents a maxi-amendment which incorporates the permitted changes.

CLASSROOM. Once the approval of the commission has been obtained, the text is examined in the chamber. The government may decide to raise the question of confidence on the measure.

THE PROCESS IN THE SENATE. After approval at Montecitorio, the bill begins examination at Palazzo Madama. In recent years, the maneuver has reached its second reading practically armored, without the possibility of further modifications. If they are made, the text must be subjected to a third reading. Both houses of Parliament, in fact, must approve the exact same text.

THE EUROPEAN COMPARISON. On 24 November the European Commission publishes its opinion on the Italian and other euro area countries' Dpb, at the same time as the European semester.

THE FINAL APPROVAL. The budget law must be approved by December 31st of each year, otherwise the provisional financial year will begin.