Imperative for Italy to control public spending, economy minister says

Philippines News News

Imperative for Italy to control public spending, economy minister says
Philippines Latest News,Philippines Headlines
  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Explore stories from Atlantic Canada.

NS child killer Penny Boudreau and the path to eventual release | SaltWireROME - Italy's economy minister said on Tuesday strict control of public spending was essential as the European Union prepares to restore tough fiscal rules next year that have been suspended since 2020 due to the COVID-19 pandemic.

"Tight control of public spending trends will become an imperative that can no longer be avoided," he told parliament while presenting the Treasury's new budget framework.Proportionally the highest in the euro zone after Greece's, Rome's debt is targeted to hit 139.6% of gross domestic product in 2026, just marginally down from 140.2% expected this year.

The Bank of Italy said on Monday that weakness in economic activity continued in the third quarter of this year, after GDP shrank by 0.4% in the previous three-month period. As part of Meloni's top priorities for the budget, Italy will extend to 2024 the tax cuts that have helped middle and low-income workers cope with high consumer prices this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NSU16AAAHL: Cape Breton Jets sweep weekend games; Cabot Highlanders splitNSU16AAAHL: Cape Breton Jets sweep weekend games; Cabot Highlanders splitExplore stories from Atlantic Canada.
Read more »

Robert De Niro takes on Argentine swear words and steak in new TV dramedyRobert De Niro takes on Argentine swear words and steak in new TV dramedyExplore stories from Atlantic Canada.
Read more »

Honeywell to realign business segments to boost growthHoneywell to realign business segments to boost growthExplore stories from Atlantic Canada.
Read more »

MEET THE MAKERS: New Glasgow woman delves into second career with artistic businessMEET THE MAKERS: New Glasgow woman delves into second career with artistic businessExplore stories from Atlantic Canada.
Read more »

MEET THE MAKERS: New Glasgow woman delves into second career with artistic businessMEET THE MAKERS: New Glasgow woman delves into second career with artistic businessExplore stories from Atlantic Canada.
Read more »

MEET THE MAKERS: New Glasgow woman delves into second career with artistic businessMEET THE MAKERS: New Glasgow woman delves into second career with artistic businessExplore stories from Atlantic Canada.
Read more »



Render Time: 2025-02-28 19:56:46