The proposed budget passed despite it being criticized as unrealistic by the parliament's own budget office and the Bank of Italy.
€22 billion in the red
Earlier on Thursday, IMF Chief Christine Lagarde said that Italy must abide to the EU's fiscal discipline rules.
The budget plans are due to be submitted to the European Commission on Monday. Italian ministers have said that EU officials should reserve judgment until further details have been unveiled.
dm/xx (Reuters, AP, AFP)