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Italy
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Saturday, October 03, 2026
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Economy Minister Giancarlo Giorgetti describes his 2027 budget as "prudent," a term that includes both a new 5% tax on salary increases and the admission that national debt will continue to rise until 2028. To keep the books roughly in line, Prime Minister Giorgia Meloni has extracted €8bn in cuts from the defense budget, over the audible protests of her defense and enterprise ministers.
The opposition remains unimpressed by the fiscal math. Democratic Party leader Elly Schlein has told the government to go home, though her more immediate challenge appears to be convincing her own allies that her party is the one leading the charge against the coalition.
In the courts, the ghost of Silvio Berlusconi has returned via the testimony of Mafia boss Giuseppe Graviano. Graviano claims his grandfather helped the late prime minister found a company; his lawyer suggests that if Graviano were released from prison, he might be able to find the paperwork to prove it. Forza Italia, Berlusconi's political heirs, have dismissed the claim as a conspiracy.
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Top Stories
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Italy's government has revealed details of its 2027 budget, which includes a new 5% 'start tax' on salary increases, a 65% housing bonus, and income tax reductions for specific income brackets. Minister of Economy and Finance Giancarlo Giorgetti stated the approach is "prudent," yet forecasted an increase in national debt by 2028.
Corriere della Sera:
Italy's 2027 Budget: New Taxes and Bonuses Detailed
The Italian government is planning a 2027 budget maneuver that includes a 5% 'start tax' on salary increases, a 65% housing bonus, and income tax reductions for those earning between 50,000 and 60,000 euros.
La Stampa:
Budget Law: Manovra, Giorgetti Says "Prudent Approach"; Debt to Rise in 2028
Economy Minister Giorgetti described the budget law as a "prudent approach," but forecasts that Italy's debt will increase by 2028.
La Stampa:
Spread, Trump, and Deputy Minister Leo's Gaffe: Why Italy Risks Markets
Italy's economic standing is at risk due to market volatility, the influence of Trump, and a gaffe by Deputy Minister Leo.
la Repubblica:
San Francesco, October 4th is a national holiday: how much does the salary…
The article explains the economic impact on salaries for the national holiday of San Francesco, which falls on a Sunday this year.
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Mafia boss Giuseppe Graviano's lawyer has indicated that a document detailing business dealings with the late Silvio Berlusconi could be recovered if Graviano is released. Graviano himself claims his grandfather co-founded a company with Berlusconi, involving a substantial investment, and that Berlusconi introduced them. Forza Italia, Berlusconi's party, has condemned these accusations as a conspiracy and persecution.
Il Fatto Quotidiano:
Graviano's lawyer: "That document on business with Berlusconi? He can retrieve…
The lawyer of Mafia boss Graviano claims his client is upset that magistrates consider him unreliable, and suggests a document related to business dealings with Berlusconi could be recovered if Graviano is released.
Il Fatto Quotidiano:
Boss Graviano: "My grandfather co-founded a company with Berlusconi, invested…
Mafia boss Graviano claims his grandfather established a company with Silvio Berlusconi, involving a significant investment, and that Berlusconi himself introduced them.
Il Fatto Quotidiano:
Forza Italia cries conspiracy and rewrites the law: "It's a persecution"
Following accusations from Graviano regarding Berlusconi, the political party Forza Italia has decried the situation as a conspiracy and a form of persecution, seeking to reframe legal proceedings.
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Prime Minister Giorgia Meloni has successfully pushed for an 8 billion euro reduction in the defense budget, a decision that has caused friction with Minister for Enterprises and Made in Italy Adolfo Urso over robotic defense systems and Minister of Defence Guido Crosetto. In the political sphere, Democratic Party leader Elly Schlein has issued a strong critique of the government's performance, calling on Prime Minister Meloni to "go home."
Corriere della Sera:
Meloni Secures 8 Billion Defense Cut, Clashes with Crosetto
Prime Minister Giorgia Meloni has convinced Guido Crosetto to implement an 8 billion euro cut to the defense budget, facing a strong disagreement with Minister Urso over robotic defense systems.
la Repubblica:
Schlein to Meloni: "You failed, go home". Attack on allies: "PD is the leading…
PD leader Elly Schlein criticizes the government and her party's allies, emphasizing the Democratic Party's leading role and a firm stance.
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Gaetano Armao, the former Vice President of Sicily, is facing charges following a request for his arrest by the Palermo prosecutor's office as part of a broader corruption investigation.
Il Post:
Former Sicilian Vice President Gaetano Armao faces charges
The Palermo prosecutor's office has requested the arrest of Gaetano Armao, former Vice President of Sicily, as part of a broader corruption investigation.
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Daily news summaries from Italy
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