Almost 70 percent of the citizens voted in favor of the move in a referendum which followed an earlier decision by the parliament.
The move will see the number of parliamentarians downsized from about 945 to 600; the senators will be reduced from 311 to 200, while the members of parliament in the lower house will drop to 400 from 634.
With each MP and senator said to be earning €230,000 and €249,600 annually, the cut is expected to save Italy about €82 million every year.
Luigi Di Maio, Italy’s foreign minister, reportedly described the outcome of the referendum as “historic.”
“The one achieved today is a historic result. Let’s go back to having a normal parliament, with 345 seats and fewer privileges,” he was quoted to have said, adding: “It is politics that gives citizens a signal.”
The vote comes comes amid the clamor for Nigeria’s federal lawmakers to introduce cost-saving measures either by reducing their pay or number.
Despite being the country with the highest rate of extreme poverty globally, a senator reportedly earns as much as N13.5 million as running cost monthly, while a member of the house of representatives is said to earn N12 million monthly.
Among those calling for such cost-cutting measures is Rochas Okorocha, senator representing Imo west, who once argued that Nigeria does not need 109 senators and 360 members of the house of representatives.
“What are three senators doing that one senator cannot do?” Okorocha had asked.
“Here, we have three senators per state. Over there (house of representatives), over there, we have 360 eligible human beings. This country must begin to make sacrifices and cut down the cost of governance.”
It was reported how over N70 billion spent as running cost for senators in the eighth assembly could transform the lives of Nigerians.