Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Italy's economy minister hits at a 2.2% budget deficit target for next year

Italy's economy minister hits at a 2.2% budget deficit target for next year
FILE PHOTO - Italian Finance Minister Roberto Gualtieri looks on during the swearing-in ceremony at Quirinale Presidential Palace in Rome, Italy September 5, 2019. REUTERS/Ciro de Luca -
Copyright
CIRO DE LUCA(Reuters)
Euronews logo
Text size Aa Aa

MILAN (Reuters) – Italy’s economy minister hinted on Sunday that Rome would set a budget deficit around 2.2% of its gross domestic product next year.

Roberto Gualtieri said in an interview with RAI state TV that 2020 deficit would be “a wise midway between 2.04% and 2.4%”.

He made reference to last year, when the previous government originally set a 2019 deficit target of 2.4%, only to reduce it to 2.04% after an increase in yields on Italian bonds and a tussle with the European Commission.

(Reporting by Gavin Jones, writing by Giulio Piovaccari)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.