- Analytics
- News and Tools
- Market News
- Prime Minister of Italy Conte says deficit in line to hit 2.04%/GDP in 2019
Prime Minister of Italy Conte says deficit in line to hit 2.04%/GDP in 2019
Prime Minister Giuseppe Conte said on Tuesday Italy's 2019 budget deficit looked set to fall to 2.04% of gross domestic product, meaning the country was compliant with European Union finance rules.
The European Commission has threatened to launch disciplinary procedures against Rome because it failed to reduce its large public debt in 2018 as promised, and has called on the Italian government to bolster state accounts.
Rome has ruled out any belt-tightening, but the government said on Monday it would be able to cut this year's official deficit forecast of 2.4%, which was set in April, thanks to lower-than-expected spending and higher revenues.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
