Italy targets financial sector for 11 billion euros
Italy plans to raise nearly eleven billion euros from the financial sector over three years to fund its budget. The recurring contribution aims to support households and businesses.
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Italy plans to raise €10.7 billion ($12.00 billion) from the financial sector over the 2027-2029 period to help fund its upcoming budget. The recurring contribution amounts to 0.21% of GDP in 2027, 0.13% in 2028, and 0.1% in 2029, according to the Draft Budgetary Plan. The move adds to an existing €12 billion package targeting banks and insurers through 2028.
