Italy to unveil tax-cutting 2024 budget amid debt worries
© Reuters. FILE PHOTO: Italian Prime Minister Giorgia Meloni and Polish Prime Minister Mateusz Morawiecki hold a joint press conference in Warsaw, Poland, July 5, 2023, REUTERS/Kacper Pempel/File Photo
It will drive up next year's budget deficit to 4.3% of gross domestic product from 3.6% under current trends, according to the Treasury, due to 15.7 billion euros of extra borrowing mainly devoted to funding tax cuts. The challenging market environment may continue over coming weeks, when the budget faces scrutiny from credit ratings agencies, with S&P Global, DBRS, Fitch and Moody's at 23%, according to the officials. This will temporarily replaces the current regime in which four IRPEF rates run from 23% on income up to 15,000 euros, to a top rate of 43% on income above 50,000 euros.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
2024 Hennessey Exorcist Camaro, 2024 BMW X2: This Week's Top PhotosA 1,000-hp Camaro, the next BMW X2, and Ferrari's 812 successor all made headlines this week.
Baca lebih lajut »
Italy puts scandal-ridden week behind it to beat Malta 4-0 in Euro 2024 qualifyingItaly has put a scandal-ridden week behind it to beat Malta 4-0 in a European Championship qualifier. Giacomo Bonaventura set Italy on its way with his first goal for the Azzurri and Domenico Berardi ended his goal drought in style with a goal in each half. Substitute Davide Frattesi netted in stoppage time to continue his scoring streak.
Baca lebih lajut »
Total solar eclipse 2024: When is the next eclipse in Texas?The Houston area experienced an annular solar eclipse on Saturday and now people are wondering: when will Texas experience it's next eclipse? The answer is 2024.
Baca lebih lajut »
Marvel Reveals Next Major Crossover Event, Blood Hunt2024's first Marvel event will feature Blade, the Avengers, Moon Knight, and more!
Baca lebih lajut »
Marvel's Avengers: Twilight Trailer ReleasedAvengers: Twilight 1 debuts in January 2024
Baca lebih lajut »
When Does Dragon Ball Daima Release?Dragon Ball Daima will be releasing around the world in 2024!
Baca lebih lajut »