Economics

Italy Plans to Boost Spending by $27.5 Billion in 2022 Budget

  • Government sets aside 6 billion euros for tax reform
  • Draghi cabinet approved document to be submitted to EU

Mario Draghi during a news conference at the Chigi Palace in Rome, on Oct. 7.

Photographer: Alessandro Serran/AGF/Bloomberg

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Italy’s government plans to boost spending by 23.6 billion euros ($27.5 billion) next year, according to a document seen by Bloomberg.