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