Italy confirms 2025 budget deficit at 3.1% of GDP
ISTAT confirmed Italy’s 2025 budget deficit at 3.1% of GDP, reiterating previous data and keeping Rome in an EU “excessive” deficit disciplinary track, Reuters-style wording notwithstanding.
1% of gross domestic product, ISTAT said on Tuesday, confirming earlier data and disappointing Rome’s hopes of leaving a European Union disciplinary procedure over its “excessive” deficit. The figure was included in ISTAT’s official notification.