Italy's budget deficit for 2025 is now expected to be around 3% of GDP, improved from a previous forecast of 3.3%. This positive adjustment is due to stronger-than-expected tax income, potentially allowing Italy to exit the EU's excessive deficit procedure a year early. The EU monitors fiscal compliance among member states, and Italy's improving fiscal prospects have been acknowledged by ECB president Christine Lagarde. Fitch Ratings has upgraded Italy's long-term debt rating, reflecting increased confidence in its fiscal trajectory. The government plans to cut taxes for middle-income earners and increase defense spending in the coming years. Teljes cikk (Euronews.com)