‘Moment on truth’ – Italy on verge of ‘DISASTER’ ahead of budget, ex-official warns
Italy has a public debt of around 132 percent of gross domestic product (GDP), the highest in the EU behind Greece, and concerns have been raised surrounding proposed plans for increased government borrowing and spending. Deputy Prime Ministers Matteo Salvini and Luigi Di Maio have pushed for an increase in the budget deficit in order to fund social welfare projects and tax cuts. Government sources have indicated that Mr Di Maio and Mr Salvini are pushing for a deficit of around two to 2.5 percent, significantly higher than the current 0.8 percent target. However, Italy’s Finance Minister Giov…
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Source: http://www.express.co.uk/
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