Share
18.10.2019 17

Italy: few ambitions from the new budget framework

Published October 18, 2019

5 to 10 minutes

5 to 10 minutes

The essential


On 30 September the newly formed Italian government released an update to April’s Economic and Finance Document, with new fiscal plans for the years 2019 to 2022 and changes to the underlying economic assumptions.

The Update Note to the budget shows little ambition in strengthening growth or shoring up public finances for now and can be seen as a transitional budget, aimed at restoring confidence in Italy’s commitment to comply as much as possible with the EU framework.

In fact, the deficit target for 2020 is set at 2.2%, in line with expectations and within the maximum flexibility Italy could ask from the EU Commission. In trying to remain in line with the goals stated in its program released few weeks ago (i.e., to try to deliver a mildly expansionary budget) without putting public finances at risk, the fiscal projections rely on a few assumptions still uncertain to materialise and highlight the clear weakness of a heavily indebted country.

To find out more, download the full paper


   
   
   
   
   
   
   
Our online help service is available to answer your question

My personal information

If you have a question about our company or one of our products, please complete the form to get in touch. Please do not mention your account numbers or critical data in this form.

Civility*

(*) Required fields
All our job offers (Permanent and temporary position, Internship, Apprenticeship or VIE) are available on our dedicated website: https://jobs.amundi.com.

Register and apply directly online.

Amundi on Twitter