Italy Pledges to Keep Deficit Below 3% Thanks to Windfall Revenues
4 months ago
The Italian government has announced its intention to keep the budget deficit below 3% of gross domestic product (GDP) next year. This goal has become achievable due to a significant increase in tax revenues resulting from the favorable economic conditions seen in the country since 2021. Over the past few years, Italy has managed to significantly boost its tax income, helping to offset upcoming expenditures for development and social program support.
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