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Italy sees 2025 deficit at around 3% of GDP, in line with EU rules
- Italy expects its 2025 budget deficit to be around 3% of GDP or slightly below, following a 3.4% deficit in 2024.
- Achieving a deficit-to-GDP ratio of 3% or lower could allow Italy to resolve the EU’s excessive deficit procedure by mid-2026, advancing the timeline by one year.
- The government is finalizing a new multi-year budget plan aiming for GDP growth of 0.5 to 0.6% this year and about 0.8% in 2026.
- Next autumn, Italy will evaluate activating the EU’s 'escape clause' to increase its deficit for defense spending without triggering penalties.
- If successful, exiting the procedure would restore fiscal policy flexibility, allowing tax cuts and higher spending expected in the upcoming budgets.
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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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Rome hopes to leave the European excessive deficit procedure one year ahead, but the path will depend on the economic situation and the margins granted to the parties in the next finance law
Coverage Details
Total News Sources8
Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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