Italy state sector budget deficit at 11.7 bln euros in April

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 3 (Reuters) - Italy posted a state sector budget deficit of 11.7 billion euros ($12.93 billion) in April compared to a surplus of 6.05 billion euros in the same month last year, the Treasury said in a statement on Wednesday. The difference is mainly due to welfare spending. ($1 = 0.9046 euros) (Reporting by Romolo Tosiani, editing by Gianluca Semeraro)

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