Prime Minister Mario Draghi is set to unveil a budget that envisages economic growth of 6% this year, a better-than-expected rebound that allows the deficit and debt to fall more than previously forecast, according to a draft of the plan. The fiscal shortfall for this year is seen at 9.4%, comfortably in single digits and well below the 11.8% target set in April, the document seen by Bloomberg shows.

While officials reckon the deficit can drop to 2.1% by 2024, they are counting on breaching the European Union’s now-suspended ceiling of 3% for the foreseeable future. The budget, Draghi’s first since the former European Central Bank chief took office in February, chimes with the all-in approach that he has championed of keeping up fiscal support to revive economic growth.