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Borghi: Italy's League Wants to Cut Taxes by Rising Deficit a Little Bit

Italian Deputy Prime Minister and Interior Minister Matteo Salvini meets the journalists at the end of a security conference in Castel Volturno, southern Italy, Thursday, Aug. 15, 2019.

Italy's ruling League party would seek tax cuts in the 2020 budget by rising the country's deficit a little bit, its economics spokesman said on Monday.

League chief Matteo Salvini pulled the plug last week on its coalition government with the anti-establishment 5-Star Movement, starting a potential countdown to elections, which the country may need to tackle alongside preparing its budget in the fall.

"We need to pursue a tax cut and it is obvious that a small proportion will be funded with the deficit", League's economics chief Claudio Borghi said in an interview with state-owned television RAI.