Bank of Italy says families spending 90% of tax bonus-update

(ANSA) - Rome, May 26 - 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.