Italy's deficit to gross domestic product increased to 8 percent in the first quarter, the statistical office Istat reported Wednesday. During the same period of last year, the deficit stood at 7 percent of GDP.
The report showed that total expenditure rose 1.3 percent from the previous year, while revenues dropped 1 percent in the first quarter.
The current deficit totaled EUR 21.95 billion compared to a EUR 17.12 billion shortfall in the same period of prior year.
by RTT Staff Writer
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