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Italian PM upbeat on EU deal prospects ahead of budget votes

Reuters  |  ROME 

By Gavin Jones and Giuseppe FonteROME (Reuters) - The Italian parliament begins voting this week on the government's contested 2019 budget, with Prime Minister Giuseppe Conte optimistic that a deal can be agreed with the European Commission.Italy says the expansionary draft budget - in which the deficit is forecast to rise to 2.4 percent of GDP in 2019 from 1.8 percent this year - is needed to prevent a chronically sluggish economy from tipping into another recession.Brussels has rejected the budget, saying the plans will not lower Italy's large public debt as European Union rules require, ...

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First Published: Sun, December 02 2018. 23:42 IST