Tax & Spend
Meloni Coalition Told Italy’s Budget Must Match EU Pledges
- Giorgetti sets out bloc’s revamped fiscal regime to cabinet
- Coalition reiterated unity in first meeting after summer break
Giorgia Meloni
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
Prime Minister Giorgia Meloni’s government was told by Italy’s finance minister that its budget plans mustn’t deviate from any pledges to Brussels to fix the public finances.
In a cabinet meeting on Friday, Giancarlo Giorgetti set out the process that the country needs to follow to conform to newly revamped fiscal rules to bring its deficit down to the European Union’s 3% ceiling, according to a finance ministry official.