Italy’s Lower Bond Yields Reap €13 Billion Windfall for Meloni

Italian officials preparing the government’s budget are assuming as much as €13 billion ($15.3 billion) in extra fiscal space because of lower borrowing costs, according to people familiar with the matter.

That sum is the total of €5 billion saved this year and a projected €8 billion for 2026, said the people, who declined to be identified because the calculations are confidential. They said officials in Rome will use those numbers as they model a budget that must be presented to parliament by mid-October.