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Italy: New support package for households and businesses amounting to 14 billion euros, Draghi government announced

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Business tax refunds will be increased, while €150 in one-off support will be given to 22 million Italians earning less than €20,000 gross a year. The reduction of taxes on fuel is also extended.

His government Mario Draghi approved today new support package, amounting to 14 billion eurosfor assistance to households and businesses.

In more detail, tax refunds for businesses will be increased, while support of 150 euros will be given, once, to 22 million Italian citizens who earn less than 20,000 euros gross a year. The reduction of taxes on fuel is also extended.

In total, the government in Rome has allocated 64 billion euros since the beginning of the year to help families and businesses deal with the energy crisis.

The Italian Ministry of Finance underlined that there will be no increase in the public deficit and that the measures are mainly based on the improvement of tax collections.

“In total, the support measures correspond to 3.5% of our GDP, we are among the countries that have offered the largest social assistance,” concluded Mario Draghi.

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ItalymetersnewsSkai.grsupport package

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