Italian Premier Giorgia Meloni’s government is preparing a new package worth €4.9 billion ($5.3 billion) that extends support to low-income families while weaning others off aid, according to people familiar with the matter.
The money won’t require extra deficit spending by tapping a €21 billion reserve already set aside in the budget, as well as reaping the benefit of higher-than-expected economic growth, said the people, who declined to be named as discussions over the bill are ongoing.
Source : Italy announces €4.9 billion aid plan in support phase-out initiative