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Italy's parliament approved the 2026 budget with a vote of 216 to 126, introducing approximately 22 billion euros in new measures aimed at supporting medium-low incomes without cutting social spending. Economy Minister Giancarlo Giorgetti emphasized that discussions on defense spending will take place in Spring 2026, while the budget also includes tax adjustments and aims to reduce the deficit-to-GDP ratio to below 3% by 2026.