(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.
Italy is targeting a 2.2% deficit-to-GDP ratio for next year in the draft of a budget framework due to be approved by cabinet Monday evening, according to a senior lawmaker who asked not to be named discussing confidential talks.
The draft was the focus of talks led by Prime Minister Giuseppe Conte that lasted into the small hours of Monday morning. It targets GDP growth of 0.6% GDP growth in 2020, the official said.
A spokesman for the finance ministry declined to comment.
Read More: Conte Seeking Italian Budget Deal to Stamp Authority on Cabinet
Conte told reporters earlier Monday that the government has found the 23 billion euros ($25.1 billion) needed to avert an automatic sales tax hike from next year. Conte's coalition partners have clashed over a proposal to tweak the sales tax, but raising the levy even on just some goods would be politically controversial.
To contact the reporter on this story: John Follain in Rome at jfollain2@bloomberg.net
To contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Alessandro Speciale, Jerrold Colten
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
