Martedì, 18 Settembre 2018

OECD forecasts 3.3% deficit for Italy in 2013


(see related story on execessive-deficit procedure)
Paris, May 2 - The OECD forecast in a report on
Thursday that Italy's deficit-to-gross-domestic-product ratio
will be 3.3% this year.
This is above the Italian government's deficit-GDP-ratio
forecast of 2.9% and above the 3% threshold allowed by the
European Union.
Economy Minister Fabrizio Saccomanni said the OECD's
figures did not take account of the positive effect of the
government's plan to repay 40 billion euros that the public
sector owes private firms over the next 12 months.
Saccomanni added that he was still confident the European
Commission would soon end its excessive-deficit procedure
against Italy.
"By the end of May, or at the start of June at the latest,
the procedure should be closed," said Saccomanni, who added that
this would be an important signal for the financial markets.
The OECD forecast Italy's deficit-GDP ratio will be 3.8%
next year, compared to 1.8% predicted by the Italian government.

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