The Italian Senate approves the 2026 budget bill, the gold ownership clause provokes the European Central Bank.

According to the Wise Finance APP, the Italian Senate has successfully passed the 2026 budget, which focuses on controlling the fiscal deficit while also including a controversial amendment on the ownership of gold reserves. On Tuesday local time, lawmakers in Rome voted in support of a plan centered on tax cuts for the middle class, bringing an end to weeks of intense debate surrounding pension and central bank gold issues. However, for the budget to officially take effect, it still needs to be approved by the House of Representatives before the end of the year.