Italy's 2021 Budget Law Allocates €40 Billion with Major Cultural Sector Investments
The Senate has passed Italy's 2021 Budget Law (Manovra 2021) with a vote tally of 156 in favor and 124 opposed, designating €40 billion across various sectors, including culture. To mitigate pandemic-related losses, the law allocates €25 million for state museums in 2021 and €20 million for 2022, alongside €1 million for the digitalization of smaller museums. Additionally, it provides €4 million for archaeological sites, €3 million for marine protected areas, and €3 million for music festivals. Funding for cinema rises to €640 million per year, with tax credits increased to 40%. Tourism benefits from IMU exemptions, a €5 million fund for port cities, and €100 million for travel agencies, while MIBACT's collaborative expenditures increase to €24 million, including €500,000 for CNR's digital initiative.
Key facts
- Budget Law approved with 156 votes for, 124 against
- €40 billion total allocation
- €25 million for museums in 2021, €20 million in 2022
- €1 million fund for small museum digitalization
- €4 million for archaeological and speleological areas
- €3 million for marine protected areas
- Opera foundations' financial recovery deadline extended to Dec 31, 2021 or 2023
- €3 million fund for festivals, choirs, bands, jazz
- Cinema fund increased from €400M to €640M annually
- Tax credits for cinema raised to 40%
- Istituto Luce Cinecittà becomes joint-stock company with €10M capital increase
- MIBACT collaboration spending limit raised to €24 million
- ALES services extended through 2025
- Publishing tax credits: €50M for advertising, €15M for newsstands, €10M for digital
- €100 bonus for low-income families for subscriptions
- IMU exemption for tourism-related properties
- €5 million for port cities
- €100 million fund for travel agencies and guides
- AFAM fund: €8 million annually
- €1 million for disabled AFAM students
- €500,000 for CNR digital project
- €2.16 million annually for Italian language abroad
- €150 million for Cultura Card
- €20 million for creative SMEs
- €1.3 million for nativity scene 800th anniversary in 2023
- UNESCO intangible heritage Observatory with €500,000 annually
Entities
Artists
- Giulia Ronchi
- Massimo Listri
- Cosmo Laera
Institutions
- Senato
- MIBACT
- Istituto Luce Cinecittà
- MEF
- ALES
- Fondazione Libri italiani accessibili (LIA)
- CNR
- UNESCO
- Accademia di Belle Arti di Brera
- Parco Archeologico di Pompei
- Koreja Teatro
- Babilonia Teatri
- Artribune
Locations
- Italy
- Rome
- Paestum
- Lecce
- Milan
- Pompeii
- Abruzzo
- Basilicata
- Calabria
- Campania
- Molise
- Puglia
- Sardinia
- Sicily