Rome Tells EU It Will Stick To Budget But Contain Debt

Sumaira FH Published October 22, 2018 | 06:35 PM

Rome tells EU it will stick to budget but contain debt

Italy's populist coalition on Monday told the European Union that it would stick to its high-spending draft budget but will scrupulously avoid going over its own debt and deficit limits.

Rome, (APP - UrduPoint / Pakistan Point News - 22nd Oct, 2018 ) :Italy's populist coalition on Monday told the European Union that it would stick to its high-spending draft budget but will scrupulously avoid going over its own debt and deficit limits.

"The figure of 2.4 percent (deficit to GDP ratio in 2019) is a ceiling that we have solemnly undertaken to respect," Prime Minister Giuseppe Conte told journalists after the coalition sent its pledge in a letter to EU officials in Brussels.

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