Italy’s parliament has approved the government’s 2025 budget, worth a total of 30 billion euros — more than half of that in tax cuts and social security benefits for low-income citizens.

The Italian Senate on Saturday passed the government's deficit-cutting 2025 budget, giving parliament's final approval to the package which becomes law just ahead of an end-year deadline. Prime Minister Giorgia Meloni's third budget aims to lower next year's fiscal deficit to 3.

Italy’s parliament gave a final green light to the 2025 budget just days before a year-end deadline, in a win for Prime Minister Giorgia Meloni.