Cash-strapped Italian families are
spending 90% of the government's 80-euro monthly tax bonus, the
Bank of Italy said Tuesday in its annual report.
A survey by the central bank of family budgets found that
the low-income tax break, implemented by Premier Matteo Renzi,
appears to be helping families make ends meet each month.
The report said that the bonus, for people with a gross
annual income of between 8,000 euros and 26,000 euros, has cost
the Treasury about seven billion euros.
It said that about 5.5 million households, or one-quarter
of the national total, have benefited from the transfer.
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