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13.12.201817:31 Forex Analysis & Reviews: talian authorities agreed to reduce the budget deficit in 2019

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Exchange Rates 13.12.2018 analysis

The Italian authorities finally agreed to revise the draft federal budget for 2019 and reduce the budget deficit from the previously announced 2.4% to 2.04% of the country's GDP. This was announced by Prime Minister Giuseppe Conte at a meeting with the head of the European Commission Jean-Claude Juncker in Brussels. The Italian government explained its decision by obtaining some financial resources, which will reduce the future budget deficit.

The updated draft budget will remain plans for the introduction of benefits for the poor and unemployed, as well as the introduction of the so-called pension quota 100, according to which Italian citizens can retire as soon as the sum of years of work experience and age reaches 100.

J. Conte noted that the Italian authorities are doing everything possible to avoid the introduction of European sanctions while taking into account the interests of citizens.

Tatiana Strelkova,
Analytical expert of InstaSpot
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