Cost of war: how much is it in Italy?
The expensive bills cost Italy two budget laws. An account that would be more expensive if we considered direct and indirect expenses related to the war.
Italy alone had to allocate 76 billion for the increase in bills, more than double the total amount of the 2023 budget law. All without considering the other costs associated with the war in Ukraine. 2022 was considered a new annus horribilis after the blackest blackness of the Covid pandemic.
The 21 billion allocated for bills in the 2023 Budget Law will only be enough for the first three months of the year. The Meloni government will therefore have to put its hands on its coffers again in April. With what money? We still don’t know, but Prime Minister, Giorgia Meloni, has assured that us the government will continue to help the Italians with the price increases. A total of 76 billion of resources allocated drawing largely from extra revenues and deficits . Or obtained by scraping the barrel between the folds of the budget or savings from other items of public spending.
The war in Ukraine is a strong aggravating factor associated with rising utility bills. Furthermore, Italy has an uncertain future and it is not good for a country with high public debt. Italy has allocated 150 million in military aid and 510 million in financial aid for the war in Ukraine. The war in Ukraine for Italy could have reached a total cost of 180 billion in 2022 . This is why we must try to reach peace as soon as possible.