Giorgetti has confirmed significant spending cuts and new taxes, particularly targeting housing, while exempting health care. He emphasized that sacrifices will be required from those who can afford them, including bankers, amid a backdrop of Italy's highest taxation index at 42.8%. The government aims for a prudent fiscal maneuver to reduce the deficit-to-GDP ratio below 3% by 2026, despite facing criticism and internal dissent over the proposed measures.
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