deficit

Italy hopes its deficit will fall within EU limits this year, but debt remains an eye-watering 135 percent of gross domestic product.

It is bringing in alternative energy supplies to offset any deficits that arise.

Paz pledged to take a more gradual approach to reducing a massive budget deficit as opposed to quickly implementing painful spending cuts, which analysts said would have prompted large protests.

Universities have expressed growing concerns about funding pressures after years of frozen tuition fees, with more than four in 10 universities in England believed to be in a financial deficit.

Briton Norris cut Piastri's championship lead to 14 points with five races remaining, while Verstappen reduced his deficit to the Australian to 40 points.