Tax & Spend
Italy Deficit at 3.1% Breaches EU Ceiling in Setback for Meloni
A worker inspects a pressure gauge during routine maintenance at the combined cycle gas turbine power plant, operated by Sorgenia SpA, in Aprilia, Italy.
Photographer: Alessia Pierdomenico/BloombergItaly’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
The shortfall was 3.1% of gross domestic product, according to data published on Friday by the national statistics institute in Rome, confirming a preliminary estimate.