The European Commission has given its approval to Italy’s draft 2026 budget, stating that the plan aligns with the economic guidance issued by the EU Council. The assessment was published as part of the European Semester, the annual system used by Brussels to monitor the financial policies of member states.
Italy is not alone: the Commission also released evaluations of budgetary plans from other countries across the Union. However, Rome’s case has attracted particular attention due to the high level of public debt and concerns about long-term growth.
Economy Minister Giancarlo Giorgetti welcomed the decision, calling it confirmation that the government is moving in the right direction, especially when it comes to reducing debt. He also acknowledged, however, that economic growth remains fragile.
The minister pointed out that the costly building renovation tax incentives known as the Superbonus continue to weigh on public finances. At the same time, he warned that global instability and slow international growth could further complicate Italy’s recovery.