December 14, 2018 / 8:16 PM / a year ago

Italy will keep budget promises to citizens - deputy PM

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

ROME (Reuters) - Italy’s government will keep the fiscal promises made to its citizens, Deputy Prime Minister Di Maio said on Friday, after Rome offered to narrow the headline deficit of its 2019 budget.

Italy earlier said it would lower the deficit to 2.04 percent of gross domestic product from a previous target of 2.4 percent in order to avoid disciplinary procedures from the EU.

Di Maio said his ruling coalition was waiting for negotiations with the EU Commission to end but that there was no need to cut any of the reforms included in the expansionary budget.

“There is no surrender,” Di Maio said on private broadcaster Rete4. “We have more money than we need.”

Reporting by Giulia Segreti; editing by John Stonestreet

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