In the days leading up to the year-end deadline, the Italian parliament has finally approved the 2025 budget, marking an important victory for Prime Minister Meloni. Meloni and her finance minister, Giorgetti, co-developed a tax reduction plan aimed at winning voter support while adhering to EU fiscal rules. The government plans to reduce the national deficit to 3.3% of GDP next year and below the EU's stipulated 3% cap by 2026. Among the last-minute adjustments made to the budget, there is a decision to maintain the Cryptos tax rate at 26% in 2025 and raise it to 33% in 2026, rather than the initially proposed 42%. The Italian Prime Minister has pledged to cut taxes for low- and middle-income groups, which helps consolidate her governing position; however, this also means that the return to fiscal discipline, according to EU standards, will proceed at a slower pace.