Italy’s economy minister is expected to prevent Italy’s 2016 budget deficit from rising above 1.6 percent of the country’s gross domestic product (GDP), an Italian newspaper reported Monday.

Economy Minister Giovanni Tria is due to meet Prime Minister Giuseppe Conte and joint Deputy Prime Ministers Luigi Di Maio and Matteo Salvini on Monday to discuss the country’s 2019 budget — its spending plans and growth targets.

Italy is due to present a draft version of its 2019 budget to the European Commission for approval shortly.

CNBC

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