DEF to put growth forecast at 1% for Italy - ministry sources
15:10, 11 April 2023
ROME. KAZINFORM - The government's economic and financial planning blueprint, the DEF, is set to set the 2023 growth forecast at 1% and budget deficit at 4.5% of gross domestic product (GDP) for Italy, Economy Ministry sources said Monday evening, Kazinform cites ANSA.
The same document instead puts projected growth in 2024 at 1.4% and deficit at «above 3%», the sources added.
Meanwhile, the sources said Italy's public debt would continue to fall slowly to reach 140.9% of GDP in 2025.
The DEF is due to hit a cabinet meeting later on Tuesday.
Following subsequent revisions contained in updates called NADEFS, the document will form the basis for the country's 2024 budget bill later this year.