Italy’s parliament has approved the government’s 2025 budget, worth a total of 30 billion euros — more than half of that in tax cuts and social security benefits for low-income citizens.

The Italian Senate on Saturday passed the government's deficit-cutting 2025 budget, giving parliament's final approval to the package which becomes law just ahead of an end-year deadline. Prime Minister Giorgia Meloni's third budget aims to lower next year's fiscal deficit to 3.

The Italian parliament finally passed the 2025 budget on Saturday. The financial plans of the right-wing three-party coalition of Prime Minister Giorgia Meloni, with a total volume of €30 billion ($31.