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EC says delays in Italy on NRRP put growth at risk

'High public debt, funds can fill gaps' says report

Redazione Ansa

(ANSA) - ROME, JAN 14 - 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. (ANSA).
   

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