Meloni Unveils Italy 2023 Budget With Touch of Extra Stimulus

Italian premier Giorgia Meloni unveiled a slightly more expansive fiscal outlook for this year, aiming for an extra sliver of economic growth through tax cuts.

The euro zone’s third-biggest economy will expand 1% in 2023 under the budget plan unveiled on Tuesday, 0.1 percentage point more than it would have without the extra measure, according to a Finance Ministry statement.

The result will mean a deficit of 4.5% of gross domestic product instead of the 4.35% that current legislation would achieve.

The extra fiscal space will finance more than €3 billion ($3.3 billion) in tax cuts for lower-income families, ...