Weekend news from Reuters, the wire citing three sources on reports that Italy is likely to hike it budget deficit target again
- Its 2020 budget deficit goal
- Expected to be lifted to around 2.1% of GDP (currently set at 1.8% for 2020)
- And, it could be raised further after summer
The annual Economic and Financial Document (DEF) is set for issuance on Wednesday
More:
- 2020 GDP growth forecast to be cut to just shy of 1% (from currently forecast at 1.1%)
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Italy's public debt is proportionally the second highest in the euro zone (Greece's is highest). The current populist government has made big spending promises, which is sending debt higher.
