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Italy sees 2025 deficit at around 3% of GDP, in line with EU rules
- Italy is finalizing a new multi-year budget plan this week aiming for a 2025 deficit around 3% of GDP or slightly below.
- This fiscal target follows from efforts to reduce the deficit from 3.4% in 2024 and aligns with EU rules to exit the infringement procedure.
- The government expects GDP growth of 0.5 to 0.6% this year, supported by higher tax revenues and lower interest costs on sovereign debt.
- Rome estimated a 3.3% deficit in April, and sources said the Treasury is confident the final figure will be at or below 3%, allowing Italy to exit EU proceedings by mid-2026.
- Italy plans to assess next autumn whether to activate the EU's 'escape clause' to boost defense spending, which would allow a wider deficit without triggering new penalties.
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Italy sees 2025 deficit at around 3% of GDP, in line with EU rules
Italy sees this year's budget deficit at around 3% of national output (GDP) or slightly below, people familiar with the matter told Reuters on Monday, as the government finalises its new multi-year budget plan to be unveiled this week.
·United Kingdom
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Total News Sources6
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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