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Italian Govt plans to collect over €11bn from insurers/banks to fund 2026-2028 budget

Written by Adam Cadle
16/10/2025

The Italian Government is planning to collect more than €11bn ($12.8bn) from banks and insurance companies over 2026-2028 to help fund state finances, a draft budget sent to EU authorities for approval revealed.

According to Reuters, the contribution will be on a permanent rather than one-off basis, and will amount to 0.19% of gross domestic product (GDP) in both 2026 and 2027 and to 0.1% in 2028.

No details were given about what form these measures would take.

The issue is triggering tensions between the government and financial lobbies, and divisions within Prime Minister Giorgia Meloni's rightist coalition.


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