Tax & Spend
Italy Prepares €4.9 Billion Aid as Part of Support Phase-Out
- Money will come from leftover funds, no extra deficit required
- Energy aid will target only families and companies in need
Giorgia Meloni
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
Italian Premier Giorgia Meloni’s government is preparing a new package worth €4.9 billion ($5.3 billion) that extends support to low-income families while weaning others off aid, according to people familiar with the matter.
The money won’t require extra deficit spending by tapping a €21 billion reserve already set aside in the budget, as well as reaping the benefit of higher-than-expected economic growth, said the people, who declined to be named as discussions over the bill are ongoing.