Italy raises deficit target to fund election promises | Business| Economy and finance news from a German perspective | DW | 28.09.2018
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Business

Italy raises deficit target to fund election promises

In Italy’s budget for 2019, they will be running up substantially more debt. The populist coalition government has raised next year’s deficit target to 2.4 percent of GDP. According to European Union regulations Italy’s deficit must remain below 3 percent of GDP. Nonetheless, the EU Commission and the markets are concerned.

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