Italy’s draft budget centres on energy aid, growth

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Italy’s new far-right government unveiled its first budget on Tuesday, with most of the nearly 35 billion euros in spending for 2023 going on the energy crisis rather than electoral promises.

More than 21 billion euros ($21.5 billion) will go towards supporting households and businesses with sky-high gas and electricity bills, a major cause of the soaring inflation which risks tipping the eurozone’s third-largest economy into recession next year.

“There are two big priorities, growth… and social justice, meaning a particular focus on families, those on the lowest incomes and the most fragile groups,” Prime Minister Giorgia Meloni told a press conference —AFP

 

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