August 19, 2019 / 7:12 AM / 4 months ago

Italy's League wants to cut taxes by raising deficit a little bit: Borghi

FILE PHOTO - Italian Deputy PM Matteo Salvini leaves after a news conference in southern Italy on a bank holiday as the government crisis continues, in Castel Volturno, Italy August 15, 2019. REUTERS/Ciro de Luca

ROME (Reuters) - Italy’s ruling League party would seek tax cuts in the 2020 budget by raising the country’s deficit a little bit, its economics spokesman said on Monday.

League chief Matteo Salvini pulled the plug last week on its coalition government with the anti-establishment 5-Star Movement, starting a potential countdown to elections, which the country may need to tackle alongside preparing its budget in the fall.

“We need to pursue a tax cut and it is obvious that a small proportion will be funded with the deficit,” League economics chief Claudio Borghi said in an interview with state-owned television RAI.

(The story fixes typo in headline and first paragraph.)

Reporting by Giselda Vagnoni; Editing Juliette Jabkhiro

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