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Home News EU Italy

Meloni Seeks Budget Cuts to Fill Italy’s €12 Billion Hole – BNN Bloomberg

Newsroom by Newsroom
August 27, 2024
in Italy
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(Bloomberg) — Italian premier Giorgia Meloni and her coalition are seeking to fill a €12 billion-euro ($13.4 billion) budget hole with measures such as cost cuts and delayed retirement, according to people with knowledge of the matter.

Overshadowing a back-to-work meeting of the ruling alliance’s party leaders on Friday is the need to find about €25 billion for 2025, with only about half that amount currently available, said the people, who declined to be identified because the discussions are private.

Decisions reached at the coalition’s first big gathering after the summer break…



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