Italy will probably raise its 2020 budget deficit goal to around 2.1 percent of ...
ROME - Italy will probably raise its 2020 budget deficit goal to around 2.1 percent of gross domestic product when it publishes new targets this week, three government sources told Reuters, and the figure could be hiked again after the summer.
The new forecasts will be presented in the annual Economic and Financial Document due to be issued by Wednesday, which sets the framework for the 2020 budget. The numbers in the DEF will not be finalised before the end of ongoing talks between the ruling coalition of the anti-establishment 5-Star Movement and the right-wing League.
This is sure to be resisted by Economy Minister Giovanni Tria, an academic who is not a member of either ruling party.
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