The Mirage of Public Finance: Italy’s Budget Bill

On December 30, 2025, the Italian Chamber of Deputies finally approved the 2026 budget bill drafted under Giancarlo Giorgetti, Minister of Economy and Finance in the government led by Giorgia Meloni. Now that the bill has become law, the administration is moving forward with its implementation. Left-wing parties, specifically the Democratic Party and the Five Star Movement, have been vociferous in criticizing the budget package for allegedly being too austere, whereas the governing coalition and broad right-wing establishment have welcomed it, claiming that it adequately prioritizes the needs