MILAN (AFX) - The budget adjustment measures that the government is studying to reduce the 2006 public deficit could reach 15 bln eur, above a previous forecast of 7-10 bln, daily Il Sole 24 said in an unsourced report.
EU economic and monetary affairs commissioner Joaquin Almunia had earlier this month reiterated that the Italian deficit has to be cut to below 3 pct of GDP by 2007. danilo.masoni@afxnews.com dm/ra COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited