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Salvini Says Italy’s 2020 Budget Deficit Won’t Stay Below 2%

Aug. 6, 2019, 5:02 PM

Italy’s government won’t be able to contain the budget deficit below 2% if it’s going to deliver promised investments and tax cuts, Deputy Prime Minister Matteo Salvini said.

“If we want to put real money in Italians’ pockets and not a mere reallocation of funds, it’s clear we cannot stay below 2%,” Salvini said at a press conference in Rome after meeting with unions and business lobbies. “We will have negotiations with the European Commission,” but the rules set by Brussels are not “sacred.”

Salvini, who is also the country’s Interior minister, scored a big win in Parliament late Aug. ...

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