Percorso:ANSA.it > ANSA English > News

Sicily govt budget sees '6-bln-euro hole'

Deficit 'more than doubled between 2007 and 2011'

22 October, 13:18
Sicily govt budget sees '6-bln-euro hole' (ANSA) - Palermo, October 22 - The regional government of Sicily will have a deficit of six billion euros by the end of the year, Italy's Audit Court said in a report out Monday.

The deficit more than doubled between 2007 and 2011 because of a rise in staff pay and health costs, which together account for almost half the budget, said the report from the Centro Pio La Torre institute.

Sicily is believed to be the least cost-efficient of Italy's regions, many of whose governments are in the red.

ALL RIGHTS RESERVED © Copyright ANSA