France deficit 2.8%

Di Maio (Italy): we too are sovereign
France deficit 2.8%
25 September 10:15 2018 Print This Article

France will hit a deficit-to-GDP ratio of 2.8% to fund tax cuts in its budget, Deputy Premier Luigi Di Maio said  over a tug-of-war in government between Economy Minister Giovanni Tria who wants to keep the deficit at the EU-promised 1.6% and leaders who want to breach 2%.

Di Maio, who wants to fund a basic income, said Italy had just as much sovereignty over its economic policy as France.

“France, in order to fund its budget, will hit a deficit of 2.8%. We are a sovereign country exactly like France. The money is there and can finally be spent in favour of citizens. In Italy as in France”.

Di Maio’s fellow deputy premier and partner, Interior Minister and League leader Matteo Salvini, wants to fund other costly measures including a ‘flat tax’ and a pension overhaul.

Di Maio, who is also labour and economy minister, is the leader of the anti-establishment 5-Star Movement (M5S).

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