Meloni government reportedly approves €26 billion budget plan aimed at middle-income tax relief

Bloomberg reports Giorgia Meloni’s government approved a €26 billion budget aimed at middle-class tax cuts ahead of Italy’s 2027 election. Handelsblatt describes planned higher taxes on banks, insurers, energy companies and the gambling sector, alongside tax relief for self-employed people and more health funding. It forecasts a 2027 deficit above the EU’s 3% ceiling.