The positive outcome of the Ecofin meeting prevented a worsening of expectations. With a view to the publication of the Economic and Financial Planning Document, the size of Italy’s public debt requires the formulation, in accordance with the political calendar of a policy for the public finances that can reconcile their consolidation with faster growth in the medium term.
After the second half of the 1990s the public finances began to deteriorate again. In the last two years cyclical developments have also been a factor.