March 9, 2020 / 8:10 PM / 21 days ago

Italy plans to hike 2020 budget deficit above 2.5% of GDP - source

ROME, March 9 (Reuters) - Italy intends to raise its budget deficit above 2.5% of national output this year to alleviate the economic impact of the country’s outbreak of coronavirus, a government source told Reuters on Monday.

The source gave no further details.

Economy Minister Roberto Gualtieri said last week he would raise the target to 2.5% from the previous goal of 2.2%. (Reporting by Giuseppe Fonte, writing by Gavin Jones; Editing by Crispian Balmer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below