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MercoPress, en Español

Montevideo, November 15th 2024 - 04:06 UTC

Tag: populist budget

  • Wednesday, October 17th 2018 - 08:52 UTC

    Another headache for the EU: Italy and its populist budget

    The budget proposes increases both Italy's overall government debt and its deficit pushing it as high as 2.4% of GDP. Mandated maximum deficit is 0.8% of GDP

    Italy's government on Tuesday pushed the country closer to a showdown with the European Union after submitting its latest budget for review. The budget proposes increases both Italy's overall government debt and its deficit in the short run pushing the deficit as high as 2.4% of GDP over the coming years. This means Italy will fall foul of a previously mandated maximum deficit level of 0.8% of GDP.