Italian Budget Won’t Ask Sacrifices of Citizens, Giorgetti Says

Italy’s budget law this year will not require any sacrifices of citizens, the country’s Finance Minister Giancarlo Giorgetti said, stressing that national accounts were in line with the government’s expectations.

“The first piece of news is that, unlike previous years in which the budget required remedial measures and sacrifices imposed on Italians, this year we won’t need any remedial measures,” Giorgetti told attendees of the Ambrosetti Forum in Cernobbio, Italy, on Sunday. That, he said, was because “the accounts were doing exactly as we had anticipated.”

Giorgetti said the economy’s growth rate had suffered due to the ongoing tariff dispute, ...