BRUSSELS (Reuters) - Italy's Finance Minister Giovanni Tria said on Monday the country's budget for next year will not change despite calls from EU peers and the EU Commission to amend it so that it would be in line with European Union laws.
The budget "will not change but we are discussing" it with the EU Commission, Tria told reporters after a meeting of euro zone finance ministers during which he was asked to change the expansionary budget.
Tria also said he forecast the Italian debt to fall with the current budget which increases the country's deficit. The Commission believes that Italy's large debt will rise if budgetary plans are not revised.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.