Italy ready to break 3 percent deficit limit to cut taxes: Salvini

May 7, 2019

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.

(Reporting by Giuseppe Fonte, writing by Francesca Piscioneri, editing by Gavin Jones)

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