FILE PHOTO: Italian Prime Minister Giorgia Meloni speaks during the political festival Atreju, organised by Meloni's Brothers of Italy (Fratelli d'Italia) right-wing party, in Rome, Italy, December 14, 2024. REUTERS/Ciro De Luca/File Photo
Rome: Italy’s Parliament has approved the 2025 budget, aiming to both appease European Union (EU) demands to lower the eurozone nation’s deficit and honour Prime Minister Giorgia Meloni’s pledge to cut taxes.
Announced last Saturday, over half of the package, worth some €30bil or about US$31bil, is devoted to cuts to tax and social security contributions for low and middle-income earners.
