Italy assured of hitting all 2022 targets for EU post-pandemic fund By Reuters

© Reuters. FILE PHOTO: Italian Financial system Minister Giancarlo Giorgetti attends a information convention for the federal government’s first price range in Rome, Italy November 22, 2022. REUTERS/Remo Casilli/File Photograph

ROME (Reuters) -Italy’s authorities is assured of reaching all targets within the European Union’s post-pandemic restoration fund deliberate by the top of the 12 months, its economic system minister mentioned on Friday.

Italy has up to now obtained virtually 67 billion euros ($70.6 billion) of the roughly 200 billion euros of EU funds it’s due via 2026. It’s eligible for an extra 19 billion euros on the finish of this 12 months, offered it will probably full the 55 targets and milestones set for the second half of 2022.

“As of late we’re working laborious to satisfy the 55 targets for the second half of 2022, to have the ability to submit the third fee request to Brussels by the top of December”, Financial system Minister Giancarlo Giorgetti mentioned throughout an occasion in Rome.

Some authorities ministers have lately mentioned that Italy is struggling to satisfy reform and spending targets tied to the multi-billion-euro fund.

EU’s Financial system Commissioner Paolo Gentiloni urged Italy on Thursday to stay to restoration fund deadlines and targets.

“We’re already properly on observe, and we will certainly attain this objective as properly”, Giorgetti mentioned.

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