The Italian government passed a comprehensive package of measures on Monday to cushion the negative impact of inflation and high energy prices on businesses and families.

The package has a total volume of 14 billion euros, as announced by Prime Minister Mario Draghi.

The new program would come on top of €15.5 billion in measures already announced, "giving us a total of nearly €30 billion, or two percentage points of gross domestic product."

"The goal is to secure the purchasing power of the poorest families and the production of the companies," said Draghi.

The package of measures includes payments of 200 euros for 28 million Italians with an annual income of less than 35,000 euros and tax breaks for energy-intensive companies.

The measures are to be financed in part by taxes on extra profits from energy companies.

Italy has already decided on a price discount on petrol and diesel.

Because of the war in Ukraine, food prices have increased significantly.

The Italian economy shrank by 0.2 percent in the first quarter of 2022 compared to the three months before.

The reasons are the burdens caused by the corona pandemic and the high prices for raw materials, a consequence of the war in Ukraine.