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Italy to approve some 10 billion euros in anti Wuhan coronavirus measures

Christian Fernsby |
Italy's government will approve measures worth around 10 billion euros to counteract the impact of Wuhan coronavirus outbreak, Industry Minister Stefano Patuanelli said today.

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Stefano Patuanelli told Radio Capital the measures would likely cause the budget deficit to rise to just under 3% of national output this year.

A government source told Reuters on Monday the Treasury was considering lifting the budget deficit to 2.8% of national output this year. It only announced last week that it planned to hike the deficit to 2.5% from a previous goal of 2.2%.

Patuanelli said that the government would likely approve a first group of measures worth less than the targeted 10 billion euros and that more would then be added at a second stage.

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