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Italy, let the budget deficit continue to rise for the economy to support it

The Italian government has made additional expenditures in the amount of 25 billion euros, was approved in an attempt to bring the economic loss as a result of

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Italy, let the budget deficit continue to rise for the economy to support it

The Italian government has made additional expenditures in the amount of 25 billion euros, was approved in an attempt to bring the economic loss as a result of the corona virus to a minimum. It will be the second cash injection by the government since the outbreak of the COVID-19.

as for The government, agreed Wednesday night to let in the proposal. The budget deficit will continue to rise: expected to be of up to 11.9 percent of the country's gross domestic product (gdp), compared to the april target of 10.4 per cent.

now, In 2019, it was in the current account deficit of 1.6 per cent, the lowest level in twelve years ' time. Of the 25 billion dollars that the economy has been pumped up, some are borrowed. The public debt will this year amount to 157,6% of the country's gdp.

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