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

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By Reuters
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)

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)