Matteo Salvini Demands €20 Billion Deficit Hike for 2027 Budget

The League party leader intends to formalize his proposal in the coming days, framing the spending surge as a necessary measure to navigate current economic pressures. His stance creates a direct friction point with the administration’s earlier commitments to exit the EU’s excessive deficit procedure. The debate over this fiscal expansion is expected to intensify as the government prepares its formal budget presentation in October.

Beyond deficit spending, Salvini is pursuing a special levy on large banks and the extension of windfall taxes on energy and insurance firms. He dismissed concerns regarding market volatility, arguing that profitable sectors should provide a greater contribution during difficult periods. While he clarified that he does not support expropriation, his call for mandatory fiscal contributions from major corporations sets the stage for a contentious legislative season ahead of next year's general election.