Meloni presents new economic measures for Italy


Italian Prime Minister has announced a € 21 billion package to help industry and families  

The Italian Prime Minister Giorgia Meloni on Tuesday, November 22, announced that a budget of € 21 billion will be used to assist industries cope with the rising costs and give incentives for couples to have more children. Aside from this, incentives have also been proposed for business to hire more women, according to a report by Associated Press.  

This initiative is a part of a € 30 billion budget by the Italian government, aimed to lift the economy of the country, the report said. Meloni will also be using the € 21 billion to help businesses and households pay for their gas and electricity bills aside from other incentives. 

According to a statement by Meloni, this move by her government is “courageous”. She said, it was focused to help growth of the Italian industry during an energy crisis caused by the Russian invasion of Ukraine. It is also aimed to provide socio-economic initiatives for low-income families. 

  • Thank you for taking the time to read this article, do remember to come back and check out the EuroNews247 website for all your up-to-date European news stories.