Italy's lower house approves 22-bln-euro 2026 budget

ROME, Dec. 31 (Xinhua) -- Italy's lower house passed the 2026 budget law on Tuesday, providing the definitive approval for a package worth about 22 billion euros (25.8 billion U.S. dollars) for next year.

The package aims to lower Italy's deficit to 2.8 percent of gross domestic product (GDP) in 2026, down from a projected 3 percent in 2025, which would allow the country to exit an infringement procedure for exc