Italy passes further aid against inflation

Rome In Italy, the outgoing government of Prime Minister Mario Draghi approved a 17 billion euro aid package on Thursday to cushion the effects of inflation. The measures to combat rising energy costs, for example, are in addition to around 35 billion euros that have been budgeted for this purpose since January. According to Draghi, the new package will not increase the euro-member country’s deficit amid earnings that are likely to be higher than forecast.

The new measures will continue to depress petrol and diesel prices at the pump. In addition, low-income families continue to receive support in paying the extremely high electricity and gas bills. The tax breaks for companies, for example, will also be extended. Seniors will also get an increase in their pensions earlier than planned. Draghi spoke of an “extraordinary scope” of the aid.

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