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Italian draft budget is due mid-October - EU budget commissioner

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Italian draft budget is due mid-October - EU budget commissioner
FILE PHOTO: European Union Budget Commissioner Guenther Oettinger holds a news conference to present the EU executive's final proposal for the bloc's next long-term budget, in Brussels, Belgium, May 2, 2018. REUTERS/Francois Lenoir   -   Copyright  FRANCOIS LENOIR(Reuters)
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ALPBACH, Austria (Reuters) – Italy must hand in a draft budget by mid-October despite the political turbulence there, the European Union’s budget commissioner said on Friday.

“All member states have to deliver their draft budget mid-October,” Guenther Oettinger said at an economic event in the Austrian province of Tirol.

Italy’s president asked Giuseppe Conte on Thursday to return as prime minister in a new coalition of the 5-Star Movement and opposition Democratic Party (PD), a move that could improve Italy’s fractious relations with the EU.

Oettinger said he hoped Italy soon had a new government able to deliver at least a first budget draft. “If they say we need five or 10 more days, no problem,” he said.

(Reporting by Kirsti Knolle; Editing by Mark Heinrich)

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