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Italy's Parliament Passes Controversial 2026 Budget Plan

12/30/2025

50 9 Full Breakdown

Summary

Story summary

Italy's Parliament approved the 2026 budget to cut the deficit to 2.8% of GDP.
Prime Minister Giorgia Meloni's conservative coalition secured the final vote 216-126.
The budget totals about 22 billion euros, focusing on families, work, and healthcare, with a levy on non-EU parcels to protect Italy's fashion industry.
Critics including Elly Schlein of the Democratic Party say it promotes austerity.
Public debt is projected to rise to 137.4% of GDP.

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Story summary

Italy's Parliament approved the 2026 budget to cut the deficit to 2.8% of GDP.
Prime Minister Giorgia Meloni's conservative coalition secured the final vote 216-126.
The budget totals about 22 billion euros, focusing on families, work, and healthcare, with a levy on non-EU parcels to protect Italy's fashion industry.
Critics including Elly Schlein of the Democratic Party say it promotes austerity.
Public debt is projected to rise to 137.4% of GDP.