Key facts
- Italy plans to keep its budget deficit below the EU's 3% of GDP ceiling this year.
- Italy's deficit was 3.1% in 2025.
- Italy expects its deficit to be 2.9% of GDP in 2026.
- Italy expects its deficit to be 2.8% of GDP in 2027.
- Economy Minister Giancarlo Giorgetti stated that Italy expects to exit the EU's infringement procedure next year.
Italy is preparing to confirm its commitment to reduce its budget deficit below the European Union's 3% of gross domestic product ceiling for the current year. The nation's deficit stood at 3.1% in 2025. The government is in the final stages of preparing its new budget plan. Economy Minister Giancarlo Giorgetti indicated that the country is scheduled to exit the EU's infringement procedure next year. According to BFM, citing sources, Italy anticipates its public deficit will reach 2.9% of GDP in 2026 and subsequently decrease to 2.8% by 2027.