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Economics
Tax & Spend

Meloni Plans for Italy Mean Wider 2023 Deficit Than Forecast

  • Shortfall will still narrow but not as much as Draghi reckoned
  • New figures reflect support plan, delivering on promises
Updated on

Italian premier Giorgia Meloni’s plans to aid the economy next year will mean a wider deficit than projected under her recent predecessor Mario Draghi, according to people familiar with the matter.

The public-finance shortfall will still narrow but is now seen in a range between 3.9% and 4.5% of gross domestic product, the people said, declining to be identified because the numbers aren’t yet officially confirmed.