The EU Commission will not be taking a public stance on the Italian government’s plan to raise its 2023 deficit target, with Brussels saying it will keep its focus on the 2024 plans, an EU source told MNI, as the General Escape Clause remains in place this year, giving Italy some leeway.

Italy is looking to increase its 2023 deficit target to just below 5.0% of GDP, up from the original target of just below 4.5%. (MNI: Italy To Raise 2023 Fiscal Deficit Target)

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Italy is looking to increase its 2023 deficit target to just below 5.0% of GDP, up from the original target of just below 4.5%. (MNI: Italy To Raise 2023 Fiscal Deficit Target)

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MNI BRIEF: EC Unfazed By Italy's '23 Deficit Target Hike