April 18, 2012 / 12:25 PM / 8 years ago

Italy raises 2013 budget deficit goal

ROME, April 18 (Reuters) - Italy’s government said on Wednesday it had raised its 2013 goal for its budget deficit to 0.5 percent of gross domestic product (GDP) from a previous target of 0.1 percent.

Prime Minister Mario Monti said it would have a “structural” budget surplus, adjusted for the business cycle, of 0.6 percent of GDP in 2013.

The government said in a statement after a meeting on Wednesday that it had cut its GDP forecast for 2012 to -1.2 percent from a previous forecast of -0.4 percent.

It raised its growth forecast for 2013 to +0.5 percent from a previous target of +0.3 percent.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below