Growth to help curb Italy debt despite higher deficit - Tria


  • World
  • Sunday, 30 Sep 2018

FILE PHOTO: Italian Economy Minister Giovanni Tria attends as Prime Minister Giuseppe Conte (unseen) speaks during his first session at the Lower House of the Parliament in Rome, Italy, June 6, 2018. REUTERS/Tony Gentile/File Photo

ROME (Reuters) - Investments will fuel Italian economic growth over the next two years and the debt level will be put on a downward path despite a significant increase in the budget deficit, Economy Minister Giovanni Tria said on Sunday.

Italy's ruling parties -- the anti-establishment 5-Star Movement and the right-wing League -- last week proposed a 2019 deficit of 2.4 percent of gross domestic product (GDP), three times the previous administration's target.

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