PANews, December 28 - According to Jinsix, the Italian Parliament has finally approved the 2025 budget proposal just days before the year-end deadline, marking a significant victory for Prime Minister Meloni. Meloni and her Finance Minister Giorgetti have jointly devised a tax reduction plan aimed at winning voter support while adhering to EU fiscal rules. The government plans to reduce the national deficit to 3.3% of GDP next year and below the EU-set limit of 3% by 2026. In last-minute adjustments to the budget proposal, it was decided to maintain the cryptocurrency tax rate at 26% in 2025 and increase it to 33% in 2026, instead of the initially proposed 42%. The Italian Prime Minister has committed to tax cuts for low- and middle-income groups, which helps consolidate her governing position, though it also means that the return to fiscal soundness will be slower according to EU standards.
