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Italian cabinet to approve budget on Tuesday as EU, markets fret

Monday, October 15, 2018 - 01:34

Italy's cabinet is meeting but the approval of the 2019 budget, which envisages a jump in the deficit that has upset financial markets and drawn criticism from the European Commission, has slipped to Tuesday. As Sonia Legg reports,the government has already issued the financial framework for the budget, raising the target for next year's deficit to 2.4 percent of gross domestic product.

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Italy's cabinet is meeting but the approval of the 2019 budget, which envisages a jump in the deficit that has upset financial markets and drawn criticism from the European Commission, has slipped to Tuesday. As Sonia Legg reports,the government has already issued the financial framework for the budget, raising the target for next year's deficit to 2.4 percent of gross domestic product.

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Italian cabinet to approve budget on Tuesday as EU, markets fret

Monday, October 15, 2018 - 01:34