This content is not available in your region

Italy cuts deficit goal, says expects positive response - PM

Access to the comments Comments
By Reuters
Italy cuts deficit goal, says expects positive response - PM
FILE PHOTO: Italian Prime Minister Giuseppe Conte holds a news conference on the final day of the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Agustin Marcarian/File Photo   -   Copyright  Agustin Marcarian(Reuters)

BRUSSELS (Reuters) – Italy has lowered its deficit target for next year to 2.04 percent of output and expects the European Commission to accept its new 2019 budget proposal, Prime Minister Giuseppe Conte said on Wednesday.

“We were able to come down to 2.04 percent (of GDP),” Conte told reporters after meeting with commission President Jean-Claude Juncker. “In its first evaluation, the commission judged (the proposal) as significant,” he added, saying he expected a “positive” response.

Conte flew to Brussels to try to head off disciplinary measures for Italy’s expansionary draft budget, which originally proposed a deficit of 2.4 percent of gross domestic product, and which the commission rejected as too high.

(Reporting by Francesco Guarascio, writing by Steve Scherer)