Italy approves 2024 budget with €24 bn of tax cuts, higher spendingThe budget bill approved by the government will go to parliament, which must pass it by the end of the year. During the process, the bill can be amended.
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Italian Prime Minister Giorgia Meloni.
Credit: Reuters Photo
Rome: Italy's government has approved a budget for next year with measures worth around 24 billion euros ($25.3 billion) in tax cuts and increased spending, Prime Minister Giorgia Meloni said on Monday.
"It is a budget that I consider very serious, very realistic," Meloni said in a news conference, confirming that it extends for 2024 cuts to social security contributions for low and middle income earners, worth around 10 billion euros.
The budget bill approved by the government will go to parliament, which must pass it by the end of the year. During the process, the bill can be amended.
($1 = 0.9488 euros)