Italy plans to spend billions to ease energy crunch – Reuters ...News

Some of the funds will reportedly come from a reduction in a poverty-relief scheme Italy plans to set aside at least €15 billion ($14.6 billion) in next year’s budget to soften the impact of soaring energy costs on businesses and households, Reuters reported on Thursday, citing government sources. A part of the funds will be raised by taking a slice out of the €9 billion earmarked in 2023 for a poverty relief scheme, Reuters adds. According to the agency, recently elected Prime Minister Giorgia Meloni has already said she would postpone measures, such as higher pensions and tax cuts, which she had promised durin

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