Italy Feb budget deficit falls steeply year-on-year
ROME, March 2 (Reuters) - Italy posted a state sector budget deficit of 1.6 billion euros in February, down steeply compared to a 9.765 billion euro deficit in the same month of 2019, due to an increase in tax revenues, the Treasury said on Monday.
The first two months of the year showed a cumulative budget surplus of 1.4 billion euros, the Treasury said in a statement.
That compared with a deficit of around 8.4 billion euros in the same period of last year.
(Reporting by Giuseppe Fonte, editing by Gavin Jones)
