Italy’s Minister thinks that country’s budget that will be presented within next few weeks shall calm investors down, as they are concerned about rising borrowing costs and rating downgrades, Bloomberg reports.

Fiscal plan of new government attracted attention of investors all summer and also lead to growth of Italian bonds yields amid such promises as tax cuts and universal income for poor. These promises may have negative influence of Italy’s debt and deficit.

On Friday rating agency Fitch Ratings changed Italy’s outlook from stable to negative.

However, new budget promises to meet EU’s requirements to deficit ceiling in 3%, as well as result in reduction of difference in yields of Italian and German debt, which reached last week the level that reminds of financial crisis.

According to current targets agreed with EU, deficit shall fell from 1,6% of GDP in 2018 to 0,8% of GDP in 2019.