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

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.

Legit.ng gathers that the party stated that the move will save the country hundreds of millions of euros in salaries and expenses.

Breaking: Again, APC suffers huge loss as appeal court sacks senator, Reps member, orders return of PDP candidates

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

According to the news agency AGI, an MP costs €230,000 per year and a senator €249,600, adding that cut 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.

PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app

In a related development, Senator Rochas Okorocha, representing Imo West senatorial district at the Nigerian Senate, said the only way to cut the cost in the running of legislative arm of the government in Nigeria is to reduce the number of lawmakers representing each state in the Senate and the House of Representatives to one and three respectively.

Donald Trump’s fate hangs as lawmakers plan vote on best impeachment procedure to adopt

NAIJ.com (naija.ng) -> Legit.ng We have updated to serve you better

Nigeria News: Should the Nigerian senate be scrapped? | Legit TV

Source: Legit

Mailfire view pixel