Italy Expects EU Budget Rejection: Source

Italy Expects EU Budget Rejection: Source
Italian Deputy PM Luigi Di Maio speaks at the 5-Star Movement party's open-air rally at Circo Massimo in Rome, Italy, Oct. 21, 2018. Reuters/Max Rossi
Reuters
Updated:

MILAN—The Italian government expects the European Commission to decide for the first time ever on Oct. 23 to ask a member state to revise its draft budget, a government source said on Oct. 21.

The Commission has slammed as an unprecedented breach of EU fiscal rules Italy’s 2019 budget plan, which aims to lift the deficit to 2.4 percent of domestic output next year from 1.8 percent in 2018.