Italian Prime Minister Georgeta Miloni, late Friday, said that the new right -wing Italian government will spend another 30 billion euros (29. 9 billion dollars) on the support of families and companies in light of the cost of high energy, while the Ministry of Energy announces the announcement of the Ministry of Energy Plans to extract more natural gas.
Meloni, a member of the radical right-wing Italy Party, added an additional nine.
In order to reduce the cost of electricity and gas, 5 billion euros will be set aside this year, and the 2023 budget will include 21 billion euros.
Finance Minister Giancarlo Georgiti stated that the Meloni government intends to borrow more in 2023 to pay for these initiatives, and as a result, anticipates a deficit of up to 4. 5% of GDP rather than 3. 4% for the following year.
Georgiti stated that by 2025, the budget deficit will once again drop to 3%.
The election campaign for the new far-right coalition in the nation before the legislative elections in September was dominated by the ongoing energy crisis in Europe and how to lessen its consequences.
Italy is planning on increasing its borrowing and expenditure to combat the effects of the energy crisis.
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