Italy's government has unveiled a strategic economic plan aimed at reducing the deficit and boosting growth.

The plan, presented by Economy Minister Giancarlo Giorgetti, targets a deficit-to-GDP ratio of 3.3% by 2025 and 2.8% by 2026, moving the country out of the excessive deficit procedure.

This ambitious plan includes a series of reforms and investments, some aligned with the National Recovery and Resilience Plan (Pnrr), to enhance Italy's competitiveness and promote sustainable growth.

A significant highlight is the approval of a strategic investment by Silicon Box to build a new microprocessor factory in Piedmont, expected to create thousands of jobs.

The government emphasizes a prudent and responsible fiscal approach, aiming to reduce debt and support wage purchasing power while implementing tax reforms.