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Italy will probably balance its primary budget this year, excluding interest payments on government debt, the economy minister said on Friday, as Rome prepares a medium-term fiscal plan for ...
Italy’s far-right government has approved a budget for next year of about 30 billion euros ($33 billion), which officials say will be partly funded by a levy on Italian banks and insurers.
The budget was approved by Meloni's cabinet in a one-hour meeting before being sent for EU approval. Italy approves 24 billion-euro budget that aims to boost household spending and births Skip to ...
5 July – Mount Etna and Mount Stromboli erupt, forcing a temporary closure of Catania–Fontanarossa Airport in Sicily. [21]13 July – Thirty-three Indian farm workers in Verona Province are rescued by the Guardia di Finanza following reports of "slave-like" working conditions, with two other Indian nationals arrested and charged with labour violations.
The economy of Italy is a highly developed social market economy. [30] It is the third-largest national economy in the European Union, the second-largest manufacturing industry in Europe (7th-largest in the world), [31] the 8th-largest economy in the world by nominal GDP, and the 11th-largest by PPP-adjusted GDP.
Prior to the quarantine, Scope Ratings GmbH estimated on 2 March an annual contraction in Italian GDP in 2020, with the budget deficit rising past 2.5% of GDP. [44] The Berenberg Bank revised its forecast for the Italian economic growth in 2020 from -0.3% before the lockdown to -1.2%. [ 45 ]
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