Skip to content

Subscriber Only

Economics

Italy Sees Deficit Above 10% of Economy in 2020, Officials Say

Cabinet is due to approve economic and financial plan
Government set to seek permission to broaden budget deficit

Parasols stand outside closed restaurants in Milan. — Parasols stand outside closed restaurants in Milan.
Photographer: Francesca Volpi/Bloomberg

By

John Follain and

Alessandra Migliaccio

April 22, 2020, 8:13 AM UTC

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.

Italy’s government expects the budget deficit to rise to more than 10% of economic output this year, as it struggles to cope with the impact of a nationwide lockdown, according to officials who declined to be named in line with policy.