Finance

Italy approves 14 bln euros of stimulus measures as growth outlook weakens

Italy’s Prime Minister Mario Draghi speaks throughout a joint information convention with Italy’s Economic system Minister Daniele Franco (not pictured) on the federal government’s new fiscal targets in Rome, Italy, September 29, 2021. REUTERS/Yara Nardi

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ROME, Might 2 (Reuters) – Italy on Monday accredited a brand new stimulus bundle value 14 billion euros ($14.71 billion) to defend corporations and households from the financial affect of the conflict in Ukraine, Prime Minister Mario Draghi stated.

The measures won’t push up the nation’s finances deficit this yr and can partly be financed by rising a windfall tax on vitality corporations, Draghi advised reporters after cupboard accredited the federal government decree.

($1 = 0.9519 euros)

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Reporting By Gavin Jones, enhancing by Giuseppe Fonte

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