Italy ready to break 3 percent deficit limit to cut taxes: Salvini
Reuters
Published May 07, 2019 11:56AM ET
Italy ready to break 3 percent deficit limit to cut taxes: Salvini
ROME (Reuters) - Italy will cut taxes this year even if it means pushing the budget deficit above the European Union's 3 percent of gross domestic product ceiling, Deputy Prime Minister Matteo Salvini said on Tuesday.
"Reducing taxes from 2019 is crucial", Salvini said in a pre-recorded television interview. Asked if the government should be ready to break the 3 percent limit, the head of the right-wing League party replied: "yes, absolutely".
Salvini, who is also interior minister in the coalition with the anti-establishment 5-Star Movement, is campaigning ahead of European Parliament elections later this month.
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Written By: Reuters
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