Rome, Dec 28, 2024 (AFP) - Tax cuts, debt reined in as Italy adopts 2025 budget

NAMPA / AFP

2024-12-28

Italy's parliament on Saturday approved the 2025 budget, aiming to both appease EU demands to lower the eurozone nation's deficit and honour Prime Minister Giorgia Meloni's pledge to cut taxes. Over half of the package, worth some 30 billion euros ($31 billion), is devoted to cuts to tax and social security contributions for low- and middle-income earners. Rome is having to perform a fine fiscal balancing act, after Brussels took Italy to task ea......

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