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Italy PM Meloni hikes govt borrowing to tackle energy crisis

Source: Reuters

New govt hikes 2022 deficit/GDP to 5.6%, sets 2023 at 4.5%To spend 9.5 bln euros next week, up to 23 bln in 2023PM Meloni says will use all resources to curb energy costsEconomy minister warns of recession riskROME, Nov 4 (Reuters) - Italy's new government unveiled its first public finance targets on Friday, hiking borrowing to finance support measures for families and firms struggling with sky-high energy…