July 3, 2019 / 9:18 AM / 20 days ago

EU governments see considerable improvement in Italy's public finances - source

BRUSSELS, July 3 (Reuters) - Representatives of European Union governments see a “considerable improvement” in Italy’s fiscal plans after the government announced new measures this week, an EU official told Reuters.

Italy’s deficit this year is expected to be at 1.9% of output, much lower than previously forecast. Governments also saw a structural improvement of 0.3% this year, and “considerable improvement” in Italy’s fiscal plans for next year, the official said. (Reporting by Francesco Guarascio @fraguarascio; editing by Foo Yun Chee)

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