Italy Approves 27 Billion Euro Budget Plan
Italy has approved its 27 billion euro budget for next year featuring tax cuts and spending hikes. Prime Minister Giorgia Meloni said funding will come partly from banks and energy groups.
Italy approved a €26 billion budget package on Wednesday evening, delivering tax cuts and spending hikes ahead of next year's general election. The fiscal plan marks the final budget cycle for Prime Minister Giorgia Meloni's current administration before voters head to the polls. The measures arrive as Rome seeks to balance voter demands with strict fiscal rules set by European authorities.
