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Italy's PM Conte says deficit/GDP can fall to 2.2% in 2019

Reuters | Rome | Updated: 11-06-2019 16:11 IST | Created: 11-06-2019 16:08 IST
Italy's PM Conte says deficit/GDP can fall to 2.2% in 2019
Image Credit: Wikimedia

Italy's budget deficit can fall to 2.2 per cent of gross domestic product this year, Prime Minister Giuseppe Conte said on Tuesday, compared with a 2.4 per cent government forecast. Italy is trying to avoid the launch of a disciplinary procedure by the European Commission over its deteriorating public finances.

Conte said such a procedure would be harmful to both Italy and the eurozone.



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