October 20, 2018 / 10:21 AM / a month ago

Italian deputy PM says government will not lower 2019 deficit goal

FILE PHOTO: Italian Deputy PM Luigi Di Maio speaking during a news conference in Cairo, Egypt August 29, 2018. REUTERS/Mohamed Abd El Ghany/File Photo

MILAN (Reuters) - Italian Deputy Prime Minister Luigi Di Maio on Saturday said the government would not backtrack on a plan to raise the country’s budget deficit to 2.4 percent of domestic output next year.

“I think I can speak for the whole government, I deny any rethinking of the 2.4 percent [goal],” he told journalists in Rome.

Reporting by Valentina Za. Editing by Jane Merriman

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