Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan.

Italy's Prime Minister Giorgia Meloni's cabinet plans to raise €3.5 billion from banks and insurers to fund budget initiatives without imposing new taxes on citizens. The measures include postponing tax deductions for banks and insurers, with the aim of allocating the funds to healthcare and vulnerable populations. Finance Minister Giancarlo Giorgetti is set to provide more details in a press conference, as the government aims to balance deficit reduction with fulfilling election promises. [Extracted from the article]