Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Headlines

Italy's 2026 budget entails tax cuts and spending hike worth 18.7 billion euros

Published by Global Banking and Finance Review

Posted on October 17, 2025

Featured image for article about Headlines

ROME (Reuters) -Italy's 2026 budget contains tax cuts and spending hikes worth 18.7 billion euros ($21.86 billion), Prime Minister Giorgia Meloni said on Friday.

The government will assess tapping an EU escape clause aimed at boosting defence spending, and will avoid cutting welfare spending, Meloni told reporters after the cabinet approved the budget law that will now be presented to parliament for approval by year-end.

($1 = 0.8555 euros)

(Reporting by Giuseppe Fonte, wrinting by Claudia Cristoferi, editing Gavin Jones)