Arab Today, arab today italy\s deficit falls to 37
Last Updated : GMT 20:39:39
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Italy\'s deficit falls to 3.7%

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Arab Today, arab today Italy\'s deficit falls to 3.7%

Rome - QNA

Italy\'s public deficit fell to 3.7% with respect to gross domestic product in the first nine months of 2012, 0.5% lower than in the same period in 2011, Italy\'s ANSA reported on Wednesday. The national statistics added that the deficit-GDP ratio fell to 1.8% in the third quarter of 2012, 0.7% lower than in the same three months in 2011. Istat said the new and much-criticised IMU property tax. The tax hikes were part of austerity measures Monti\'s government passed to put Italy on course to balance the national budget in structural terms this year and move the country away from the centre of the eurozone debt crisis.

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Arab Today, arab today italy\s deficit falls to 37 Arab Today, arab today italy\s deficit falls to 37

 



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