"As we promised, there will be no new taxes for citizens," Meloni said in a post on X on Tuesday. "€3.5 billion from banks and insurance companies will be allocated to healthcare and the most vulnerable."
The budget was agreed by ministers at a gathering late on Tuesday, just in time to meet a deadline to submit the plan for European Union scrutiny. The measures still need to be submitted to parliament for signoff.
That move - anticipated ahead of the announcement - probably won't impact lenders' profitability in significant way, according to analysts.
The measures still need to be submitted to parliament for signoff, marking the outcome of weeks of government agonizing over how to reconcile pre-election promises with fiscal responsibility.
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