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TUESDAY, MAY 20, 2025
Italy may raise coronavirus support spending to 5 billion euros

Global Economy

Reuters
05 March, 2020, 01:25 pm
Last modified: 05 March, 2020, 01:32 pm

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Italy may raise coronavirus support spending to 5 billion euros

Economy Minister Roberto Gualtieri has promised tax breaks and other measures worth 3.6 billion euros for the affected sectors

Reuters
05 March, 2020, 01:25 pm
Last modified: 05 March, 2020, 01:32 pm
A man wearing a protective face mask to prevent contracting the coronavirus walks past the Duomo Cathedral in Milan, Italy, March 4, 2020/Reuters
A man wearing a protective face mask to prevent contracting the coronavirus walks past the Duomo Cathedral in Milan, Italy, March 4, 2020/Reuters

 Italy is likely to increase to 5 billion euros ($5.6 billion) the value of measures to help its economy withstand Europe's largest coronavirus outbreak, Deputy Economy Minister Laura Castelli said on Thursday.

"It is likely that the government will reach (5 billion euros)," Castelli told the daily Il Messaggero in an interview.

Economy Minister Roberto Gualtieri has promised tax breaks and other measures worth 3.6 billion euros for the affected sectors. On Wednesday, a government source told Reuters this might be raised to 4.5 billion, or 0.25% of GDP.

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Italy's tally of deaths rose to 107 on Wednesday, with the number of cases since the outbreak surfaced 13 days ago climbing to more than 3,000.

On Wednesday, Rome imposed stringent measures to tackle the virus, closing all schools and universities and taking other emergency steps.

World+Biz / Top News / Coronavirus chronicle

Italy / Coronavirus / support

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