Italy Govt said to see 2020 budget deficit to GDP between 9-10% - financial press
Recent comments on stimulus spending:
- On Mar 24th reports circulated that Italy govt was considering a new €18B package to address the coronavirus outbreak. The new measures will reinforce earlier €25B stimulus package to protect the economy from the impact of the coronavirus as a nationwide lockdown continues
- On Mar 11th Italy PM Conte: Govt had set aside €25B to help the economy face the coronavirus outbreak
- On Mar 11th Italy Econ Min Gualtieri: stated that the Cabinet to approve anti-Coronavirus measures worth €12B on Friday, Mar 13th to combat the negative economic effects of the outbreak. To ask to increase 2020 budget deficit spending to €20B
- On Mar 10th Italy said to raise deficit limit to 3%; discussing stimulus package of up to €16B
- On Mar 10th Italy Industry Min: Govt to adopt €10B in measures to address the coronavirus outbreak. Govt to ask for a review of the EU's Stability Pact and fiscal compact rules due to the coronavirus outbreak
- On Mar 9th EU Commission’s top economic officials said to approve Italy's recently announced spending plans
Recent comments on Italy 2020 budget deficit to GDP:
- On Mar 24th Italy Econ Minister Gualtieri: was to ask Parliament in first half of April to approve new 2020 budget deficit increase
- On Mar 4th (IT) Italy govt official stated that govt was prepared to take 2020 budget deficit to GDP ratio above 2.4%
- On Mar 2nd Italy Dep Fin Min Misiani stated that saw govt 2020 budget deficit to GDP ratio of 2.4% due to virus response to foster growth (moved from 2.2% target)
- On Feb 25th reports circulated that Italy would seek EU budget flexibility between €2.0-4.0B due to the coronavirus outbreak