Italy's Deputy Prime Minister, Luigi Di Maio, has told CNBC that his country will not change course despite fears of ballooning debt and struggling growth.
Last week, Italy's anti-austerity government cut its 2019 growth forecast to 0.2% from a previous forecast of 1%.
The country also raised its 2019 deficit to 2.4%, breaking a commitment given to the European Commission last year to stick to just over 2%. The government also predicted public debt would hit a fresh record high of 132.6% of gross domestic product (GDP).
After the announcement, the European Commissioner for Economic and Financial affairs, Pierre Moscovici, said "We could again have problems with Italy."