Italy’s National Social Security Institute (INPS) has approved its 2025 budget adjustment, forecasting a significant surplus of €7.52 billion. This figure represents an increase of €5.366 billion compared to the previous surplus forecast of €2.154 billion.
The updated financial plan projects revenue collection of €565.443 billion, an increase of €11.929 billion from prior estimates. Expenditure commitments are set at €557.923 billion, which is €6.563 billion higher than the figures in the second 2025 budget revision note.
Despite these commitments, the institute’s operational result shows a negative economic outcome of €1.738 billion. While still a loss, this marks a substantial improvement over the previous forecast of a €9.287 billion shortfall. This result is derived from a production value of €441.401 billion against production costs of €443.489 billion, with a positive balance from other income and charges of €350 million.
The budget outlines major outlays for pensions, which are expected to reach €326.690 billion. Income support measures are allocated €21.183 billion, with €15.232 billion dedicated to unemployment benefits—a 2.8% increase from earlier projections.
Furthermore, social inclusion benefits are forecast at €36.505 billion. This includes €23.413 billion for civil disability benefits and €6.759 billion for social assistance allowances and pensions. The spending forecast for inclusion allowances (€5.692 billion) and training support (€641 million) remains unchanged.