Italy's finance minister warns the budget has little room to spend

“The blanket is short, so we must be very careful how we move.”

— Giancarlo Giorgetti, Italy's finance minister

What limits the budget

• High public debt
• Rising interest rates
• Higher energy and raw material costs
• Wars and geopolitical tension

Italy is waiting for the European Union to settle its financial margins before it finishes the budget, which is due to be approved next week.

The measures will be made public in the coming days, and the minister expects them to be very targeted and well reasoned.