Italy scales back defence spending hike in new budget plan
The government will use more deficit room to ease energy costs and cut the planned defense increase to 0.6% of GDP, sources said.
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8 Articles
A spokesman for Italy's finance ministry declined to comment on the budget projections.
Rome, Oct 2 (Latin Press) The Italian government finalizes an agreement to extend the public spending margin to address the energy emergency and strengthen defense, an operation that contemplates a possible increase in the deficit and generates tensions in the ruling coalition. The post Italian government negotiates fiscal margin for energy and defense first appeared on News Prensa Latina.
The country's debt will soon stand out as the largest in the region, as Greece rapidly consolidates its own finances.
Italy, in its 2027 budget, is preparing to cut previous plans to increase defense spending to curb rising public debt.
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