Italian cabinet to unveil tax cut budget bill on M

Aihuicha, October 16: the Italian cabinet will approve the 2024 budget bill on Monday, which will reduce taxes for workers and increase benefits for families with large populations. But as the budget raises the budget deficit to 4.3% of GDP next year from 3.6% now, the market is increasingly worried about the country's public finances. The Melloni government will meet at 15:30 Beijing time to discuss and approve the budget and separate fiscal decrees. The budget bill will then be submitted to parliament, which must pass it by the end of the year. Italy's market environment will continue to face challenges in the coming weeks as the budget faces review by credit rating agencies, with S&P, DBRs, Fitch and Moody's all assessing the eurozone's third-largest economy.