Tax & Spend
Italian Parliament Backs Meloni Budget of More Than €30 Billion
- Plan includes financing for tax cuts for the self-employed
- Budget will be partly financed by windfall tax on energy firms
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Italian Premier Giorgia Meloni won the final green light from parliament for her economic plans for next year.
The Senate’s Thursday vote in favor of the budget worth more than €30 billion ($31.9 billion) will be a relief to Italy’s new leader as it comes just ahead of a year-end cut-off that would have triggered a government shutdown.