ECONOMY - FINANCE - BUSINESS / Italy

Italian government forecasts that structural deficit will fall by 0.8% in 2019

Brussels, 05/10/2018 (Agence Europe)

The draft detailed budget submitted by the government of Giuseppe Conte to the Italian parliament on the evening of Thursday 4 October predicts that the structural deficit will shrink by 0.8% of GDP between 2018 and 2019.

If Rome's predictions are correct, the structural deficit will then stabilise between 2019 and 2021, at 1.7% of GDP. This trajectory would therefore run entirely counter to the rules of the preventive arm of the Stability and Growth Pact, with which Rome must comply. Under...