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Italy approves 14 billion euros of stimulus measures as growth outlook weakens -Breaking


© Reuters. FILEPHOTO: Italy’s Prime Minister Mario Draghi addresses a press conference alongside Italy’s Economy minister Daniele Franco on September 29th, 2021, regarding the government’s revised fiscal targets. REUTERS/Yara Nardi

ROME, (Reuters) – Prime Minister Mario Draghi stated Monday that Italy had approved a 14 billion euro stimulus package to help families and businesses cope with the economic consequences of the conflict in Ukraine.

After cabinet approval of the government decree, Draghi said that the measures won’t increase the country’s deficit. They will be partially funded by an increase in windfall taxes on energy companies.

($1 = 0.9519 euros)