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

https://www.bloomberg.com/news/articles/2024-09-05/meloni-officials-aim-for-italy-deficit-below-3-within-two-years




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