Italy’s Senate approves deficit reduction budget for 2025: to 3.3% of GDP from 3.8% planned in 2024

italia giorgia meloni

Norbolsa | Italy’s Senate approved the government’s 2025 deficit reduction budget on Saturday, giving parliament’s final approval to the package ahead of the year-end deadline.

PM Meloni’s third budget aims to reduce the 2025 fiscal deficit to 3.3% of GDP from 3.8% projected in 2024, while cutting taxes for low and middle-income brackets.

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