Italy's Economy Minister, Giancarlo Giorgetti, has outlined a challenging budget plan aimed at reducing public spending and deficit over the next two years.

The plan, inspired by Article 53 of the Constitution, emphasizes that everyone should contribute according to their financial capacity.

To achieve this, the government is considering a mix of increased taxes and spending cuts.

The budget requires an estimated 22 billion euros to support tax deductions for hiring, working mothers, and low-income earners, while also promoting birth rates.

Giorgetti suggests that additional funds could come from businesses benefiting from exceptional market conditions, such as banks and insurance companies.

The plan also hints at potential reforms in tax treatments and stock options, aiming to stabilize public finances for the coming years.