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TRENTO, May 30 (Reuters) - Italian Economy Minister Giovanni Tria said on Thursday the 2019 budget deficit would be below the official 2.4% of GDP target and there was no need for corrective measures.
The European Commission has sent a letter to the Italian government asking for explanations for the deterioration of its public finances, which could pave the way for launching a disciplinary procedure against Rome.
"We expect to achieve the 2019 deficit target without any correction and we expect it to be below the numbers we wrote in the last Economic and Financial Document" sent to the European Commission, Tria said in the Northern Italian city of Trento.
He added that a swift fiscal consolidation amid an economic slowdown would scare investors.
(Reporting by Riccardo Bastianello; writing by Angelo Amante, editing by Gavin Jones)