Italy to spend $28 billion to fight coronavirus

Mar 12, 2020 862

The Italian government announced Wednesday it is earmarking 25 billion euros (nearly $28 billion) to confront the coronavirus with the first spending commitments by the end of week. Economic Minister Roberto Gualtieri said a decree expected by Friday will outline spending of about 12 billion euros ($13.4 billion). That will include measures to support health services and the civil protection agency and to support the labor market.

The measures aim to ensure that no one loses work due to broad government restrictions on movement, to provide liquidity to support families and businesses and to allow delays in payments such as taxes and mortgages. He declined to specify exactly what measures would be included in the first decree.

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SOURCE: https://abc7amarillo.com

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