Tonight, the Italian government took action to help families and businesses cope with rising costs of living, mainly in the energy and health sectors, worth 4.9 billion euros.
The Council of Ministers of Italy has extended, in particular, to the second quarter, the reduction to 5% VAT on gas and the reduction of gas and electricity bills for low-income families.
Companies will be able to continue enjoying tax breaks until the end of June if they register an increase in gas and electricity bills of more than 30% in the first quarter.
The government has also decided to allocate 1.1 billion euros to healthcare, a sector for which the regions are responsible in Italy.
So far, the government led by Georgia Meloni has allocated more than 21 billion euros this year to support families and businesses in the face of rising energy prices.
Regulated energy prices fell 16.7% in Italy in February after falling 12% in January. Prices for non-regulated energy goods slowed down to +40.8% in February from +59.3% in the previous month.
Italy’s inflation, after reaching 8.7% in 2022, will fall to 6.5% this year, according to forecasts released in January by Italy’s central bank.