Rome

Govt to move to stop unemployment-benefit budget running dry

Applications soar as recession continues to bite

Govt to move to stop unemployment-benefit budget running dry

(see related stories on economic situation) Rome, May 6 - One of the first moves of Premier Enrico Letta's left-right government will be to take action to stop the budget for unemployment benefits running dry, with applications soaring as the recession continues to bite, Labour Ministry Undersecretary Carlo Dell'Aringa said Monday. Social-security agency INPS said Monday that CIG benefits to cover 100 million hours for people who had been laid off or had their hours reduced by firms in financial trouble had been authorised in April. This was 3.1% higher than in March and 16.05% more than the 86.1 million authorised in April 2012. "I think that some urgent measures will be taken and among those will be the refinancing of the CIG," Dell'Aringa told Rai radio. The government needs to find around 1.5 billion euros to stop the CIG budget running dry in the next few months.

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