Italy will spend around 13 billion euros ($12.62 billion) less this year in European post-COVID recovery funds than it previously targeted, a Treasury document showed, underscoring the country's problems in implementing investment programmes.
The euro zone's third largest economy is eligible for around 191.5 billion euros in grants and cheap loans from the EU's Recovery and Resilience Facility (RRF) designed to help the bloc's 27 countries recover from the pandemic.
