Market
What will be the major economic outcome of Italy's 2025 budget by end of 2025?
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Italy•Senate•Giorgia Meloni•Guido Liris•Brothers of Italy•Meloni•Matteo Renzi•Ignazio La Russa•Renzi
Resolution / Starting Odds
Significant GDP growth • 25%
Increased national debt • 25%
Stable economic performance • 25%
Economic recession • 25%
Economic reports and analyses from Italy's National Institute of Statistics and major financial institutions
Story
Italy's Senate Approves 30-Billion-Euro Budget for 2025 with 108 Votes for, 63 Against, Emphasizing Tax Cuts
Dec 28, 2024, 12:48 PM
Italy's Senate has approved the government's budget for 2025, marking a key victory for Prime Minister Giorgia Meloni. The final vote saw 108 in favor and 63 against, with one abstention. The budget, which emphasizes tax cuts and debt control measures, faced significant opposition, leading to the resignation of the rapporteur, Guido Liris, from the ruling Brothers of Italy party. Meloni described the budget as a balanced approach, aimed at maintaining fiscal discipline while addressing electoral commitments. The approval follows a contentious debate, highlighted by tensions between opposition leader Matteo Renzi and Senate President Ignazio La Russa, where Renzi criticized a specific provision as illiberal. The government has positioned this budget as a prudent step towards a stronger Italy, despite criticisms regarding infrastructure concerns and the overall economic strategy.
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Government faces a successful motion of censure • 25%
Other outcome • 25%
Government makes significant concessions • 25%
Government survives without changes • 25%
Another interim budget measure • 34%
New budget adopted • 33%
2024 budget extension continues • 33%
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Moderate reduction • 25%
No significant change • 25%
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Balanced budget • 25%
Increased surplus • 25%
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Deficit • 25%
Minor cabinet reshuffle • 25%
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Major cabinet reshuffle • 25%
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Approved without major changes • 25%
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Approved with major changes • 25%
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