Italy’s parliament is set to pass a new budget law, a step that will trigger the resignation of Prime Minister Silvio Berlusconi.

Former European Commissioner Mario Monti is expected will be expected to try to form a new administration.

Berlusconi is required to turn in his signed resignation declaration to President Giorgio Napolitano. The prime minister said on Nov. 8 he would resign following the budget’s passage.

The lower house of parliament is expected to vote on by Saturday afternoon. The Senate has already passed the budget.

The changes in the budget will put in place cuts as the market loses confidence in Italy to manage its debt.