Italy’s parliament has approved the country’s deficit-cutting 2026 budget in an eleventh-hour vote that followed bitter infighting within Prime Minister Giorgia Meloni’s ruling coalition over the contentious package.
The budget, passed in the lower house by 216 votes to 126, entails about €22bn of tax cuts and spending rises, and targets a budget deficit of 2.8 per cent in 2026, down from a government forecast deficit of 3 per cent in 2025.
Meloni on Tuesday described the newly approved budget law as a step to “build a stronger, more competitive Italy capable of looking to the future with confidence”.
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