Economics
Italy Bets on Spending to Grow Out of Its Crippling Debt
- Government aims to boost investment to jump-start economy
- State to spend on education, infrastructure, environment
This article is for subscribers only.
Italy plans to dramatically expand public investment, focusing on boosting growth rather than reining in debt as the government plots its way out of the worst recession in a century.
State investment will rise above 3% of gross domestic product over the next four years from 2.3% in 2019, according to an overnight statement from Giuseppe Conte’s cabinet following a minsters’ meeting.