Economics
Italy Government to Seek Parliament Approval for Larger Deficit
- Request is for 24 billion euros, equal to 1.5% of GDP
- Comes amid tensions in coalition on European Union package
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Italy’s government will ask parliament to approve another increase in the deficit later this month to pay for vaccines, healthcare, and support for companies and workers, according to Finance Minister Roberto Gualtieri.
The request will be for 24 billion euros ($29 billion), Gualtieri said in an interview with the Corriere della Sera newspaper published Sunday. That’s equivalent to 1.5% of Italy’s gross domestic product and the government hopes that this “will be the last time” they need to ask for more money, he said.