Italy taps energy firms for 2027 budget
Italian energy groups will help the government cover funding needs for the 2027 budget. The cabinet plans to approve measures to fund tax cuts and spending hikes.
Italy will require energy groups to help fund its upcoming budget, targeting €23.5 billion ($26.13 billion) in tax cuts and spending hikes. The measures come ahead of national elections scheduled for 2027. Investors face potential tax hikes on energy producers and financial firms as the cabinet finalizes its fiscal plan.
