Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the impact of high energy prices while postponing some of its most lavish election promises.
The continued energy crisis, triggered by Russia's invasion of Ukraine, means Prime Minister Giorgia Meloni and her allies will not be able to make good on their more extravagant electoral campaign promises, including swingeing tax cuts.
hit 12.6% year-on-year in October, the cabinet is considering eliminating sales tax on core essentials such as milk and bread. Looking to carve out savings, Meloni is also expected to start rolling back a "citizens' wage" poverty relief scheme.
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