Italy PM Conte says 2019 deficit/gdp goal "won't be touched at the moment"

MOSCOW (Reuters) - Prime Minister Giuseppe Conte said on Tuesday his government's planned deficit hike in 2019 'won't be touched at the moment', even though the European Commission had rejected Italy's draft budget proposal. Speaking to reporters during a visit to Russia, Conte said the government would have a 'frank and constructive' discussion with Brussels over the budget. 'This budget has not been improvised

Reuters October 24, 2018 01:05:20 IST
Italy PM Conte says 2019 deficit/gdp goal "won't be touched at the moment"

Italy PM Conte says 2019 deficitgdp goal quotwont be touched at the momentquot

MOSCOW (Reuters) - Prime Minister Giuseppe Conte said on Tuesday his government's planned deficit hike in 2019 "won't be touched at the moment", even though the European Commission had rejected Italy's draft budget proposal.

Speaking to reporters during a visit to Russia, Conte said the government would have a "frank and constructive" discussion with Brussels over the budget.

"This budget has not been improvised. It is a budget that we have considered, worked on and thought about for a long time. So it wouldn't make any sense if we say today that we will take another look at it," he said.

(Reporting by Angelo Amante; Editing by Crispian Balmer)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Prince Harry and Meghan refund UK taxpayers for home renovation
World

Prince Harry and Meghan refund UK taxpayers for home renovation

LONDON (Reuters) - Prince Harry and his wife Meghan have refunded British taxpayers 2.4 million pounds ($3.2 million), the cost of renovating their UK home, in line with a commitment they made after announcing in January they would step back from royal duties. The refurbishment of Frogmore Cottage, a house within the grounds of Queen Elizabeth's Windsor Castle west of London, had been criticised by some British media as too expensive. The repayment comes as Harry and Meghan, an American former actress, seek to forge new careers for themselves and attain greater financial independence.

BioNTech, Pfizer begin German part of COVID-19 vaccine study
World

BioNTech, Pfizer begin German part of COVID-19 vaccine study

FRANKFURT (Reuters) - Biotech firm BioNTech said on Monday it widened an ongoing pivotal global study of its COVID-19 vaccine candidate to include testing in its home country of Germany.

Electric car warning signals as Denmark calculates cost of switch
News & Analysis

Electric car warning signals as Denmark calculates cost of switch

COPENHAGEN (Reuters) - A rapid switch to electric cars to meet Denmark's ambitious climate targets will leave a massive gap in its finances, a government commission said on Monday.