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Italy's 2025 deficit-GDP ratio confirmed at 3.1%, in blow to PM Meloni
ISTAT said the deficit fell from 3.4% in 2024, but Italy still faces EU oversight and tighter spending room.
- On Wednesday, statistics bureau ISTAT confirmed Italy posted a 2025 budget deficit of 3.1% of gross domestic product, dashing Rome's hopes of exiting the European Union's "excessive" deficit procedure a year early.
- Economy Minister Giancarlo Giorgetti explained that final figures pinned the deficit at 3.1%, narrowly missing the European Union's 3% threshold required to exit the disciplinary procedure.
- ISTAT reported Italy's public debt rose to 137.1% in 2025, while the International Monetary Fund projects the nation will post the euro zone's highest debt-to-GDP ratio this year, exacerbated by €51 billion in "stock-flow adjustment" costs.
- Remaining under the procedure limits Prime Minister Giorgia Meloni's spending leeway ahead of the 2027 election, as officials said the government will lower its economic growth estimate to around 0.5% for this year.
- Italy signals it may resort to a "national escape clause" to negotiate higher deficit targets with Brussels, targeting around 2.8% in 2026 and around 2.6% in 2027 under Treasury projections.
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12 Articles
12 Articles
Eurostat estimates Italy's deficit/GDP ratio to 3.1% for 2025, from 3.4% in 2024. With this value, a country's exit from the European deficit procedure seems to be excluded...
The figure above 3% refers to early exit from the excessive deficit procedure. The government's green light to the Dfp, between weak growth and new pressures on spending
·Italy
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The deficit confirmed at 3.1%. Technicalisms prevailed over the national interest and it was not enough to report the accounts on a return path, with a primary surplus and a reduction of the deficit compared to 2024
·Italy
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Total News Sources12
Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 36%
C 46%
R 18%
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