Italy Unveils €24 Billion Budget for 2024, Raising Deficit and Debt Concerns

Italy announced a €24 billion budget for 2024, causing some experts to worry about the country's finances.

Prime Minister Giorgia Meloni is loosening fiscal policy compared to last year, raising the deficit target to 4.3% of GDP.

Key budget measures include tax cuts, higher public spending, support for large families, and payroll tax reductions for middle-income earners.

Critics accuse Meloni of fiscal irresponsibility and pandering to voters with popular policies.

Italy's high debt level is forecast to fall only marginally over the next few years despite the budget expansion.