...

Italy's PM defiant on budget, denies coalition rift

Europe Materials 18 October 2018 15:28 (UTC +04:00)
Italy’s prime minister denied any division between the two parties in his governing coalition, after reports of a spat over tax revenues
Italy's PM defiant on budget, denies coalition rift

Italy’s prime minister denied any division between the two parties in his governing coalition, after reports of a spat over tax revenues, and insisted Rome will move ahead with planned expansionary budgetary measures, Reuters reports.

His remarks came as European Union leaders raised concerns about Rome’s extravagant budgetary plans that could further increase Italy’s public debt, which, at 133 percent of gross domestic product, is the largest in the EU after Greece.

In what could be a further source of concern, Deputy Prime Minister Luigi Di Maio, leader of the 5-Star party, said a legislative text on a partial tax amnesty had been “manipulated” before its final approval.

Tags:
Latest

Latest