Meloni Confronts Italian 2024 Budget Deficit as Wide as 4.5%
- Government will present fiscal plans on Wednesday in Rome
- New target would mean bigger overshoot of EU’s 3% limit
Giorgia Meloni
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Prime Minister Giorgia Meloni is paring back her ambitions to bring Italy’s deficit toward the European Union’s 3% limit next year, according to people familiar with the matter.
The shortfall targeted for 2024 may now be as wide as 4.5% because of a weaker economy and the need to keep tax-cut promises to voters, said the people, who declined to be identified because such projections are confidential. The original projection envisaged in April was 3.7%.