Economics
Italy to Seek Approval for Up to 20 Billion Euros in Extra Debt
- Government is weighing measures to protect businesses
- Officials have been assessing potential costs of lockdowns
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Italy’s government will ask parliament to approve as much as 20 billion euros in extra borrowing as soon as this month to cover aid during the country’s latest lockdowns, according to people familiar with the matter.
Prime Minister Giuseppe Conte’s government wants the funds to cover measures to protect stores, restaurants and other businesses affected by new coronavirus restrictions, the people said on condition of anonymity. The spending would be pushed into the 2021 budget, they said. A Treasury official said the department doesn’t comment on speculation.