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Finance Minister I suggests that the 2020 budget deficit target may be 2.2% of GDP

2019-09-30T02:32:14.923Z

[Milan 29th Reuters]-Italy's Minister of Economics and Finance of Italy Guartieri suggested the possibility of setting the fiscal deficit target next year around 2.2% of GDP. With the European Union over financial discipline



[Milan 29th Reuters]-Italy's Minister of Economics and Finance of Italy Guartieri suggested the possibility of setting the fiscal deficit target next year around 2.2% of GDP. He expressed his intention to respond flexibly to achieve domestic buoyancy without conflicting with the European Union (EU) over fiscal discipline.

The minister said in an interview with the National Italian Broadcasting Corporation (RAI) that the fiscal deficit target for 20 years would be “between 2.04% and 2.4%” of GDP.

The previous administration set it at 2.4% for the 19-year target, but it was lowered to 2.04% after the yield of Italian government bonds and the exchange of opinions with the European Commission. is there.

Guartieri stressed, “We need to use all the flexibility we can take advantage of.”

Antonio Missani, Deputy Minister of Economy, said last week that this year's target is about 2.0%. Conte's new cabinet is expected to approve a new budget deficit target included in a document prepared by the Ministry of Finance at a meeting held on the 30th.

Source: asahi

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