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Italy Braces for Larger Than Expected Debt Load in 2021

(Bloomberg) Italy’s government expects debt to rise more than expected this year, as it gets ready to boost fiscal stimulus to support its battered economy. The Treasury, led by Finance Minister Roberto Gualtieri, expects Italy’s debt to rise to 158.5% of output in 2021, up from 155.6%, while the country’s budget deficit would be 8.8%. The new forecasts, first reported by Corriere della Sera, reflect the struggle of the eurozone’s.

Italy s cabinet approves EU-backed post-Covid recovery plan

Italy Needs Deficit to Spur Growth, Gualtieri Tells La Stampa

Italy Needs Deficit to Spur Growth, Gualtieri Tells La Stampa Chiara Albanese, Bloomberg News Pedestrians wearing protective masks walk through Duomo Square in Milan, Italy, on Monday, Oct. 26, 2020. Italy introduced its strongest virus restrictions since the end of a lockdown in May, and Spain will impose new measures, including a nationwide curfew. , Bloomberg (Bloomberg) Italy is set to keep its economic policy expansionary next year to support its coronavirus-battered economy, as agreed with European Union partners, Finance Minister Roberto Gualtieri said in an interview with La Stampa Sunday. That could require widening the deficit further next year to support economic growth, but that won’t impact a planned reduction after 2021 and will allow Italy to reach its growth targets, he said.

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