POST Online Media Lite Edition



 

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.

Article continues below



Topics: ITALY    WUHAN    CORONAVIRUS   

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.


What to read next

Texas state and local government outstanding debt up 45 percent
Italy, Russia's privileged partner
Italy cuts budget deficit 0.3 percent to avoid EU disciplinary action