Economics

Draghi Plans to Spend More Now — With Eye on EU Budget Rules

Extra spending will drive growth, help narrow deficit level
Italian deficit to be 2.8% in 2025, comply with EU’s 3% limit

Mario Draghi
Photographer: Alessia Pierdomenico/Bloomberg

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By Alessandra Migliaccio, Alessandro Speciale, and Chiara Albanese

April 6, 2022 at 1:43 PM UTC

Updated on

April 6, 2022 at 6:06 PM UTC

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Prime Minister Mario Draghi plans more borrowing to aid Italy’s economy, but also wants to shrink its huge debt pile by bringing down the deficit to the European Union’s limit within three years.