December 17, 2018 / 6:28 PM / 8 months ago

Italy says aims to clinch budget deal with Brussels on Monday

FILE PHOTO: Italian Economy Minister Giovanni Tria holds a news conference after a Euro zone finance ministers meeting in Brussels, Belgium November 19, 2018. REUTERS/Eric Vidal

ROME (Reuters) - Italy aims to clinch a deal with the European Commission on Monday over its contested 2019 budget, the spokeswoman of Economy Minister Giovanni Tria said.

The government submitted a new budget plan to the Commission after the ruling coalition agreed changes at a meeting late on Sunday, the latest step in weeks of wrangling with the EU executive.

The Commission rejected Rome’s original budget in October, saying it would not lower the country’s large public debt.

As part of the revised fiscal plan the government will lower its forecast for economic growth next year to 1 percent from 1.5 percent, an Italian government source and a European Commission source told Reuters.

Reporting by Giuseppe Fonte and Massimiliano Di Giorgio, writing by Gavin Jones

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below