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Italy’s Debt Will Grow by 20 Billion Euros to Finance Covid Aid

  • Premier Giuseppe Conte says current stimulus is ‘not enough’
  • Government to seek parliamentary approval for extra deficit

Italy’s government will seek parliamentary approval for 20 billion euros ($24 billion) of extra deficit on Thursday, according to people familiar with the matter.

A cabinet meeting will sign off on the request, the people said asking not to be named discussing plans that will enable the virus-battered to further expand its public debt as soon as this year. Parliament might vote on the request as early as Nov. 25.