Aim for Italy Deficit Below 3% Within Two Years
It’s not clear how government will reach that outcome
Officials are targeting a shortfall of 2.9% in 2026 that would ensure the country arrives just under the ceiling required by European Union fiscal rules
The government is trying to cap a mammoth pile of borrowings. Debt is seen at almost 138% of economic output this year
For now, markets remain unbothered, with the spread between Italy and Germany’s 10-year bonds — not too far off the two-year low reached in March.
Bloomberg 5 September 2024
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