Giorgia Meloni aims to reduce Italy's deficit below EU limit

Giorgia Meloni: Giorgia Meloni serves as Prime Minister of Italy, leading a government focused on fiscal management and economic stability amid external pressures. Her administration is finalizing the 2027 budget, which prioritizes bringing the national deficit in line with European Union standards through targeted adjustments to spending. The current budget plan reflects efforts to balance growth with compliance to bloc rules while addressing energy and defense priorities. EU Relations: Prime Minister Meloni has requested additional flexibility from the European Commission in applying fiscal rules to account for inflation and energy cost challenges. Fiscal Policy: Italy's government is scaling back planned increases in defense spending within the budget to support deficit reduction efforts. Economic Outlook: Italy's economic growth has exceeded earlier projections this year, providing support for meeting EU deficit targets.