ROME: The measures, pushed by the far-right cabinet headed by Premier Giorgia Meloni, won final approval in the Upper House by 108 votes to 63.The country's centre-left opposition had harshly criticised the economic package, saying it didn't meet the premier's pledges to slash taxes for most Italians and boost employment.Meloni has staunchly defended the budget.She stressed the budget's "wide balance" and its aim to support low and medium-income earners and families with children, while adding resources for the country's struggling health system."We used the limited resources available to strengthen the main measures approved during the past years, making them structural and widening them to include a larger audience," the premier said after the budget's final approval.The package includes a 1,000-euro bonus for the parents of newborns, with wealthier families excluded, as part of efforts to reverse Italy's declining birth rate.Banks, which have enjoyed high profits in recent years thanks to falling interest rates, will be asked to contribute 3.5 billion euros to the budget, which will go to the national health system.Italy is under pressure from the European Union to slash its deficit after huge spikes in 2022 and 2023, and has pledged to bring it below the European Union's 3 percent of GDP ceiling in 2026. AGENCIES

Italy's Govt Wins Final Approval for Budget

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