Italian National Institute of Statistics (Istat)

Money Moves

Publishes inflation data driving budget indexation

On 28 October the cabinet approved a €26bn budget for 2027, which Rome says is about €2.5bn more than planned because Brussels allowed extra energy spending. Italy will pay for part of it with higher taxes on banks, insurers, energy firms and gambling operators. Banks' corporate tax (IRES) rises to 30.5%, and the deficit is projected at 3.4% of GDP in 2027.

Updated Oct 29