Italy Aims to Drop Budget Deficit Below EU 3% Limit This Year
Key Points: Italy plans to bring its national budget deficit below the European Union's strict 3% ceiling this year. The government will release its new multi-year budget framework with updated economic forecasts on Wednesday. Economic growth projections fell to 0.5% for this year due to surging energy costs and turmoil in the Middle East. ISTAT faces intense political pressure to revise last year's deficit numbers...