Italy's parliament approves 2025 budget


  • World
  • Sunday, 29 Dec 2024

ROME, Dec. 28 (Xinhua) -- Italy's upper house of parliament approved the 2025 budget law on Friday, marking the final step in passing the 30 billion euros (31.2 billion U.S. dollars) package. The budget aims to stimulate the economy through tax cuts, social incentives, and targeted spending.

According to documents released previously, more than half of the budget will be allocated to reduce taxes and social security contributions.

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