Italy to reduce number of lawmakers from 315 to 200 to save €1bn in 10 years

Italy to reduce number of lawmakers from 315 to 200 to save €1bn in 10 years

- The Italian parliament has voted to reduce the number of lawmakers in a bid to save the cost of governance

- Italy's lower house approved a bill to reduce the number of the members of parliament from 630 to 400 and senators from 315 to 200

- The bill is reportedly subject to referendum and it is expected to be effective after the next elections coming up in 2023

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Italy is set to reduce its number of lawmakers as the country's parliament voted to reduce the number of representatives in both houses.

BBC reports that the lower house approved a bill to reduce the number of the members of the parliament from 630 to 400 and senators from 315 to 200.

The development is in line with the promise made by the country's main party, the Five Star Movement.

Briefly.co.za gathers that the party stated that the move would save the country hundreds of millions of euros in salaries and expenses.

The bill, which has the support of almost all parties, will save Italy €1 billion (£897 million) over 10 years, according to Five Star.

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According to the news agency AGI, an MP costs €230,000 per year and a senator €249,600, adding that cuts in the lower house would save €52.9m annually and those in the Senate €28.7m.

The new law is expected to come into effect after the next elections, which are due in 2023.

Critics of the ruling party, however, condemned the move as one that would adversely affect and weaken the country's democracy.

The Italian government is also reportedly planning to avoid a rise in VAT (sales tax), which is set to kick in on 1 January provided the government fails to reduce its debt to the set target.

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Source: Briefly.co.za

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