Italian Parliament Approves 22 Billion Euro Budget Law

Giancarlo Giorgetti defended the focus on middle-class incomes and deferred defense spending decisions after the Italian Parliament granted final approval to a 22-billion-euro budget.The Chamber of Deputies passed the measure with 216 votes in favor despite opposition leader Elly Schlein labeling the legislation an austerity maneuver for the wealthy.The new law includes untaxed wage increases and a reduced pension age hike while aiming to align national accounting with updated EU stability rules.