An Italian centrist opposition party led by former Prime Minister Matteo Renzi said on Wednesday it would appeal to the constitutional court to rule unlawful the government's decision to raise the 2024 budget deficit.
The Treasury's fiscal framework presented last month hiked next year's deficit goal to 4.3% of gross domestic product from a previous 3.7%, and targeted its return below the European Union's 3% ceiling only in 2026, with virtually no debt reduction over the same period.
Marattin highlighted that Giorgia Meloni's government was widening the deficit even though it forecast gross domestic product growth would be relatively firm by Italy's standards and above the country's so-called "potential" growth rate.
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