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Italy’s Meloni to unveil budget with 30 billion euros to lift economy

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Reuters UK

By Giuseppe Fonte ROME (Reuters) – Italian Prime Minister Giorgia Meloni’s first budget, due to be approved by her cabinet on Monday, will focus on curbing sky-high energy bills and cutting taxes for payroll workers and the self-employed, government officials said. The cabinet will meet at 8.30 pm (1930 GMT) to discuss and approve the bill. It will then go to parliament, which must pass it by the end of the year. Expansionary measures total more than 30 billion euros ($30.8 billion), with Rome planning to fund around 70% of the package by driving up next year’s budget deficit to 4.5% of gross …

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