September 30, 2019 / 6:02 PM / 22 days ago

Italy lifts 2020 deficit-to-GDP target to 2.2% - source

ROME (Reuters) - The Italian government has set a budget deficit target of 2.2% of gross domestic product for next year, slightly higher than the previous goal of 2.1%, a political source said on Monday.

The cabinet was meeting on Monday to decide a new raft of targets in the Treasury’s Economic and Financial Document, which will form the framework for the 2020 budget.

Reporting by Gavin Jones; Editing by Crispian Balmer

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