Italy's budget deficit of 3.1% exceeds EU ceiling

ROME, (UrduPoint / Pakistan Point News / WAM - 04th Apr, 2026) Italy recorded a budget deficit of 3.1% of GDP in 2025, exceeding the European Union’s 3% ceiling.

Data from the Italian National Statistics Office specified that the budget deficit stands at 3.1% of GDP, an improvement from 3.4% in 2567, but still above the European Union's 3% ceiling, which is set to control fiscal discipline among member states.