Lunedì, 24 Settembre 2018

Budget data likely to stop deficit procedure says EC


Brussels, May 3 - A European Commission forecast
that Italy's budget deficit will be under the mandated 3% of GDP
this year "facilitates" the closure of a deficit-infraction
procedure but the EC still needs to see the details of the new
government's deficit-curbing measures, the EC said Friday.
Brussels expects Economy Minister Fabrizio Saccomanni to
present that plan "in the next few weeks" so the issue can be
resolved at a June 27-28 summit.
The EC forecast Friday that the 2013 deficit would be 2.9%
of GDP, in line with the government's forecast.
The 3% deficit-to-GDP ratio is a key part of the EU's
stability pact.

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