IMF's chief economist urges Italy to toughen budget plans -media
© Reuters. FILE PHOTO: Pierre-Olivier Gourinchas, Director and Economic Counsellor, Research Department IMF, speaks during an interview with Reuters on the first day of the annual meeting of the International Monetary Fund and the World Bank, following last month's
Rome outlined a fiscal framework last month that hiked next year's deficit goal to 4.3% of gross domestic product from 3.7%, and targeted its return below the European Union's ceiling of 3% only in 2026, reducing virtually no debt over the period. The IMF was"a bit worried" by planned tax cuts that"don't necessarily seem to go in the right direction", he added.
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