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Reuters
Reuters
Business
By Giuseppe Fonte and Angelo Amante

Italy's Meloni wins parliamentary backing for extra borrowing after vote slip up

FILE PHOTO: Italy's Prime Minister Giorgia Meloni attends the European leaders summit in Brussels, Belgium February 9, 2023. REUTERS/Yves Herman/File Photo

Italy's government on Friday won parliamentary backing for additional borrowing, after a first attempt resulted in a major setback for nationalist Prime Minister Giorgia Meloni.

The government's request to marginally raise this year's budget deficit to 4.5% of gross domestic product (GDP) from 4.4% under current trends was eventually approved by parliament following a surprising defeat on Thursday.

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