(Bloomberg) – Prime Minister Giorgia Meloni said banks would have to contribute to the budget of Italy again. “I think we can ask the banks for help, like last year,” she told public broadcaster Rai1 when asked about the tax of the excess gains of lenders. “I am confident that a solution can also be found this year.” While the prime minister did not provide details, in the past, Italy has frozen the so -called deferred tax assets, which are credit from previous losses that banks can use in the coming years to lower their tax accounts. Meloni’s ruling coalition is looking for ways to ward off the public debt of Italy and keep investors going. Deputy Prime Minister Matteo Salvini of the Right League demanded that banks help to strengthen the government’s fiscal position, and Finance Minister Giancarlo Giorgetti is trying to achieve a policy that fulfills the promise of his party leader without beating lenders too hard. The government has discussed other options to collect cash through measures for companies, including the repurchase of corporate shares, which were also divided for the coalition. The issue of banking tax has caused problems for Meloni in the past. In 2023, she was forced to a harmful U-turn after a surprise charge in borrowers sent markets in a tail spin. The Prime Minister talked about Rai1’s Porta A Porta program on Tuesday night, demanding that the financial sector did not harm as a result of a further contribution. “I don’t intend to punish the banking system, which is an asset to the nation,” she said. The Cabinet of Italy approved the draft budget last week, with a more detailed proposal that will be sent to the European Union and will be discussed in parliament later this month. More stories like these are available on Bloomberg.com © 2025 Bloomberg LP
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