The coalition that took power in the spring is formed by two populist parties from opposite ends of the political spectrum. Both have promised to increase spending and want their campaign promises to be delivered in the next budget — a headache for the finance minister, Giovanni Tria, who needs to find fiscal room for the populist measures, while also ensuring the debt pile does not go up.
Italian media reports suggested Thursday that Tria could be forced to resign if he does not deliver all the promises that the two populist parties made. There are also some concerns the budget’s presentation could be delayed.
Tria’s spokeswoman Laura Sala denied reports that the minister wanted to resign over the budget disagreements, telling CNBC’s Willem Marx in Rome on Thursday that this was “fake news.”
She said Tria is continuing to work on budget targets ahead of a cabinet meeting later on Thursday and said she had no formal confirmation that the meeting could be delayed. She could not explicitly rule that out as a possibility, however.
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