Italy Deputy PM repeats 2019 deficit above 2 percent of GDP not a taboo

ROME (Reuters) – Italian Deputy Prime Minister Luigi Di Maio repeated on Wednesday that a 2019 deficit that exceeded 2 percent of output was not out of the question, but added that the ruling coalition would be responsible with the budget.

The government, made up of the 5-Star Movement and League party, must approve its 2019 public finance and growth targets on Thursday as Economy Minister Giovanni Tria, who is a member of neither party, is pushing to keep the deficit below 2 percent of gross domestic product (GDP) next year.

That the deficit could be higher than 2 percent of GDP “is not a taboo”, Di Maio said in a radio interview. “But we want to handle this with responsibility… The budget will make citizens the priority, but keep an eye on markets.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.