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Italy wants domestic banks to help public finances, Finance Minister says
Published by Global Banking and Finance Review
Posted on September 23, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 23, 2025
1 min readLast updated: January 21, 2026
Italy's Finance Minister urges banks to contribute to public finances, aiming to fund tax cuts in the 2026 budget. The government seeks over 1 billion euros from banks.
ROME (Reuters) -The Italian banking sector has made "stratospheric profits" over the last five years and must make a contribution to state finances, Economy Minister Giancarlo Giorgetti said on Tuesday.
The government is assessing ways to fund billions of euros of tax cuts as part of the upcoming 2026 budget to be unveiled next month.
"Logic dictates that, without bullying anyone, it is only fair that everyone contributes. This will not be a crusade, we will sit down at the table so that everyone can give a contribution. I believe this is absolutely necessary," Giorgetti said, addressing a political rally in the central Marche region.
A package of government-imposed measures at the end of 2024 raised some 4 billion euros ($4.72 billion) from banks to help finance this year's budget.
Giorgetti's co-ruling League party wants banks to contribute again with more than 1 billion euros to the 2026 budget, sources said this month.
($1 = 0.8470 euros)
(Reporting by Giuseppe Fonte, editing by Gavin Jones)
The Italian banking sector has made 'stratospheric profits' over the last five years.
The government is assessing ways to fund billions of euros of tax cuts as part of the upcoming 2026 budget.
A package of government-imposed measures at the end of 2024 raised some 4 billion euros from banks to help finance this year's budget.
The League party wants banks to contribute more than 1 billion euros to the 2026 budget.
Minister Giorgetti suggests a fair approach where everyone contributes, stating it will not be a crusade but rather a discussion at the table.
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