Italy discussing reducing 2019 deficit target: government source By Reuters

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© Reuters. FILE PHOTO: Italy


© Reuters. FILE PHOTO: Italy’s Minister of Labor and Industry Luigi Di Maio, Prime Minister Giuseppe Conte and Interior Minister Matteo Salvini leave at the end of a news conference after a cabinet meeting at Chigi Palace in Rome

ROME (Reuters) – Italy’s governing coalition is discussing reducing next year’s budget target to 2.0-2.1 percent of gross domestic product from the current target of 2.4 percent to avoid a disciplinary procedure from Brussels, a government source said on Monday.

Rome risks being put under a disciplinary procedure by European partners after it presented an expansionary 2019 budget, revising up fiscal targets compared with goals agreed by the previous government.

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