Italy

Italy: Budget 2023 seeks to avert recession by extending energy measures

  • Govt seeks to free up resources by overhauling citizenship income and renovation schemes introduced by M5S cabinets

  • Mid-term fiscal risks remain tilted to the downside as discretionary expenditure pressures will likely remain elevated

  • Budget 2023 may serve as a launching pad for more ambitious reforms in future, provided a deep recession is averted

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November 29th, 2022
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