Italy will target its budget deficit at around 2.2% of gross domestic product ne...
ROME - Italy will target its budget deficit at around 2.2% of gross domestic product next year, falling to 1.8% in 2021 and 1.4% in 2022, a political source said on Saturday.Economic growth is seen around 0.6% next year, and rising to 1.0% in each of the following two years, according to a draft of the targets seen by the source.
The targets are still subject to possible marginal revisions ahead of Monday’s meeting, the source said. In particular the 2020 deficit goal could be lowered to 2.1% depending on ongoing negotiations with the European Commission. The new government of the anti-establishment 5-Star Movement and the center-left Democratic Party intends to avoid an increase in sales tax worth some 23 billion euros scheduled for January, which was promised to the European Union as a backstop to ensure Rome respected the bloc’s fiscal rules.
Under an unchanged policy scenario, which includes the full VAT tax hike, next year’s deficit would fall to around 1.5% of GDP, two sources told Reuters earlier this week.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
These photos prove that vintage Ferraris just look better in ItalyThe Cavalcade Classiche brought more than 80 vintage Ferraris to Rome. It was the third year for the event.
Consulte Mais informação »
Italy targets budget deficit to rise next year, debt to fall: sourceItaly will target its budget deficit at around 2.2% of gross domestic product ne...
Consulte Mais informação »
Italy targets budget deficit to rise next year, debt to fall: sourceItaly will target its budget deficit at around 2.2% of gross domestic product ne...
Consulte Mais informação »
China trade talks set to resume Oct. 10Trump administration officials have said they expected the talks with Beijing, which stalled out earlier this year amid disputes over a possible trade deal, to resume next month.
Consulte Mais informação »
Knicks Off-Season Spotlight: RJ BarrettWhat can Knicks fan expect from the team's first-round draft pick, RJ Barrett, next season?
Consulte Mais informação »
Huge tariffs on Europe could come early next week if US wins WTO disputeWashington wants to hit the EU with billions in tariffs over alleged illegal state support for the European planemaker.
Consulte Mais informação »