Italy plans to cut budget deficit to 2 percent in 2021 - Corriere della sera

Omkar Godbole FXStreet Contributor

The draft of Italy's budget plan says the nation plans to cut its budget deficit to 2 percent in 2021, according to Italian daily newspaper Corriere della sera.

Key points

Government is forecasting a deficit of 2.4% of GDP for 2019 and 2.2% for 2020
Italy is planning to control the deficit via spending cuts due to pressure from the EU

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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