Delays in implementing Italy's huge
post-COVID EU-funded National Recovery and resilience Plan
(NRRP) are putting growth at risk, the European Commission said
Tuesday.
"NRRP funding can fill gaps in Italy's budget policies, but
delays in its implementation cause further risks for economic
growth," the Commission said in a factsheet dedicated to the
country attached to a study on the performance of the
zero-emission manufacturing industry in member countries.
"Italy relies heavily on public funding to support" growth, but
with the increase in public debt, fiscal space is limited", it
highlighted.
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