2014 budget approved
Italian fiscal plan for next year passes by 167 to 11023 December, 18:29
Business associations, trade unions and opposition parties have said that it fails to do enough to revive the recession-battered Italian economy and is too cautious with cuts to labour and income taxes.
However, Premier Enrico Letta has hit back, saying he cannot be "Father Christmas" with public money and arguing that the bill should be praised for presenting tax cuts, albeit modest ones, after years of austerity.
At the same time, he added, the budget has kept Italy's budget-to-deficit ratio within the 3% threshold set by the European Union and has taken action to reduce a massive public debt of over two trillion euros.