Italy raises debt/GDP targets for 2019 and 2020

ROME: Italy has raised its target for the public debt this year to 132.6 percent of gross domestic product from a 130.7 percent projection made in December, the government said in a statement on Tuesday.

The new forecast is part of the Economic and Financial Document (DEF) which forms a preliminary framework for the 2020 budget and was approved at a cabinet meeting.

The DEF raised the 2020 debt-to-GDP goal to 131.3 percent from 129.2 percent previously.