Progress on 2026 Budget Law Study
The Assembly of People's Representatives (ARP) has released a statement detailing the progress of the study on the 2026 budget law project, conducted by the Finance Committee and the Planning and Budget Committee between November 17 and 27, 2025. The work focused on an article-by-article examination, in the presence of representatives from the Ministry of Finance, to evaluate government proposals and incorporate necessary amendments.
Main Amended and Adopted Articles
- Article 23 - Exemption of Transportation Services: The article on exempting certain transportation services from income tax was adopted, with a significant amendment: generalizing the exemption to all institutions, not just industrial ones.
- Article 30 - Support for Olive Oil: The ARP approved an amendment introducing an annual evaluation program, supervised by the Ministry of Industry, to grant benefits to beneficiaries based on a specific scale.
- Article 37 - Vehicles for People with Disabilities: Adoption of customs exemption for specially equipped vehicles. An added amendment: integrating associations that support children with disabilities into the aid system.
- Article 38 - Social Contribution: The article was adopted with an amendment aiming to include sports, cultural, and youth associations in the structures that can benefit from the planned support.
- Article 48 - Customs Duties on Medical Equipment: Adoption of the reduction of customs duties on essential medical equipment.
- Article 53 - Tax Regularization: An amendment set September 2026 as the final deadline for regularization requests, with an additional month to complete procedures.
Rejected Articles
Three proposed articles were rejected during the deliberations:
- Article 20: related to the social solidarity contribution
- Article 47: revision of customs duties on solar equipment
- Article 50: addition of measures to strengthen fiscal equality between citizens
Additional Proposals
Additionally, deputies introduced several additional proposals to support vulnerable categories and accompany sectors in difficulty. These measures include:
- A gradual reduction of tax on pensions, reaching 40% by 2029 to strengthen the purchasing power of retirees
- A new scholarship program for students from modest families, guaranteeing them direct access to financial aid
- A set of support for farmers affected by drought, including aid for livestock feed and irrigation water
- A relaxed regularization system for exporting companies, with reduced penalties
- Reinforcement of rail transport of raw materials to reduce logistical costs
- A rescheduling of debts in the tourism sector to offer concrete support to a domain heavily weakened in recent years.
