Italian authorities will present the EU a new draft budget


Italian Prime Minister Giuseppe Conte said that the authorities will submit to the European Union a new draft state budget for 2019 to replace the draft previously rejected twice by the European Commission.

The main goal of the Italian government J. Conte called the prevention of sanctions against Italy, which will inevitably harm not only Italy itself but also Europe as a whole. The Prime Minister also noted that the new project will contain proposals that the European Commission cannot fail to satisfy.

According to the parameters of the new draft budget, the initially anticipated deficit of 2.4% of GDP can be reduced, but the politician has not voiced specific figures.

The material has been provided by InstaForex Company -