Italy's Public Deficit Increases in Q1 2024

Italy's National Statistics Agency, Istat, reported on Monday that the country’s public deficit reached 85% of GDP in the first quarter of 2024. This marks an increase from the 82% recorded during the same period last year. The rising deficit raises concerns over the country’s financial health and its capacity to manage public spending amidst growing economic pressures. Stakeholders are closely watching how the Italian government plans to address this challenging fiscal situation as we move further into the year. Related Sources: • Source 1 • Source 2