ROME/MARINA DI PIETRASANTA, Italy (Reuters) - Italy's populist government could break European Union fiscal rules next year with a big-spending budget, a cabinet official said on Friday, despite Brussels calling for a "prudent" spending plan and new data showing feeble economic growth.
Cabinet undersecretary Giancarlo Giorgetti said a need to invest heavily in infrastructure could justify a 2019 deficit of more than 3 percent of gross domestic product, the maximum allowed under EU rules designed to ensure financial stability.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
