Italy targets surge in public debt as coronavirus impact bites

ROME (Reuters) - Italy on Friday targeted its budget deficit at 10.4% of gross domestic product this year and said the public debt would rise to 155.7% of GDP, the highest level since World War II.The Economic and Financial Document (DEF) approved by cabinet reflects the huge hit to the euro zone's third largest economy from the coronavirus epidemic.Last year's budget deficit came in at 1.6% of GDP, its lowest level for 12 years, while the debt ratio of 134.8% was already the second highest in..