ROME (Reuters) -Italy's 2026 budget contains tax cuts and spending hikes worth 18.7 billion euros ($21.86 billion), Prime Minister Giorgia Meloni said on Friday. The government will assess tapping an
Italy's 2026 Budget Features €18.7 Billion in Tax Cuts and Spending Increases
Overview of Italy's 2026 Budget
ROME (Reuters) -Italy's 2026 budget contains tax cuts and spending hikes worth 18.7 billion euros ($21.86 billion), Prime Minister Giorgia Meloni said on Friday.
Tax Cuts and Spending Increases
The government will assess tapping an EU escape clause aimed at boosting defence spending, and will avoid cutting welfare spending, Meloni told reporters after the cabinet approved the budget law that will now be presented to parliament for approval by year-end.
EU Escape Clause Considerations
($1 = 0.8555 euros)
Welfare Spending Protection
(Reporting by Giuseppe Fonte, wrinting by Claudia Cristoferi, editing Gavin Jones)
