Reviews: Another billion-dollar aid package in Italy

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In order to cushion high inflation and rising energy prices, the government in Rome has decided on another relief package. 17 billion euros are made available for this.

MInisterpräsident Mario Draghi © Roberto Monaldo/Lapresse/Zuma/Picture Alliance Prime Minister Mario Draghi

The Council of Ministers had passed aid of 17 billion euros, as the outgoing head of government Mario Draghi announced. The new package in the fight against rising energy and consumer prices comes in addition to the approximately 35 billion euros, which have been planned for this purpose since January.

The new measures continued to press petrol and diesel prices on the petrol pump. The reduction in petrol tax, which was to expire on August 21, will be extended until September 20.

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In addition, low-income families receive further support in paying their extremely increased electricity and gas invoices. The government in Rome is also considering prohibiting energy companies by October, making one-sided changes to electricity and gas delivery contracts for households.


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state deficit should not increase

The tax relief for companies, for example, are also extended. In order to support the purchasing power of older people, the government will prefer the increase in pensions to be increased by two percent to the fourth quarter of 2022.

According to Draghi, the new package will not increase the deficit of the euro member country, since the tax revenue should be higher than predicted. The help would have an "extraordinary scope," said Draghi.

The former ECB president resigned in July after the break in his government alliance, but remains in office. A new parliament will be elected in Italy on September 25th .

Qu/Bru (dpa, RTR, AFP)

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