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MNI BRIEF: ISTAT Growth Revisions Boost Italy Budget Plans

Italy growth, deficit revisions aid Rome's budger planning and message for 2025.
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MNI (ROME)

Italy's national statistics institute, Istat, has revised up its overall national growth numbers for the period 2021 to 2023, helping push the 2023 public deficit down from 7.4% to 7.2% of GDP, boosting Rome's upcoming budget plans by freeing up around EUR 3 billion in fiscal space for 2025.

This adjustment follows a broader revision of the country’s growth, deficit, and debt-to-GDP ratios, Istat said Monday. Growth was higher in both 2021 and 2022, but modestly lower in 2023. The updated data had been eagerly awaited by the Italian government ahead of submitting its adjustment plan to Brussels (see MNI: Italy To Hand In Debt Plan On Time, May Adjust-Sources )

 
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MNI (ROME)

Italy's national statistics institute, Istat, has revised up its overall national growth numbers for the period 2021 to 2023, helping push the 2023 public deficit down from 7.4% to 7.2% of GDP, boosting Rome's upcoming budget plans by freeing up around EUR 3 billion in fiscal space for 2025.

This adjustment follows a broader revision of the country’s growth, deficit, and debt-to-GDP ratios, Istat said Monday. Growth was higher in both 2021 and 2022, but modestly lower in 2023. The updated data had been eagerly awaited by the Italian government ahead of submitting its adjustment plan to Brussels (see MNI: Italy To Hand In Debt Plan On Time, May Adjust-Sources )

 
ReplyForward
Keep reading...Show less