MILAN (Reuters) - Italy’s Prime Minister Giuseppe Conte and Treasury Minister Giovanni Tria are working on a proposal to cut the 2019 deficit target to reach a deal with the European Union, Il Messaggero daily said on Friday.
The newspaper said Conte and Tria would reassure Brussels that the deficit-to-GDP target for next year will not exceed 2 percent.
Italy is targeting a deficit of 2.4 percent of gross domestic product in 2019, plans that have put it on a collision course with Brussels.
According to Il Messaggero the proposal involves delaying by several months planned welfare and pension reforms.
Reporting by Stephen Jewkes; Editing by Adrian Croft