Italy's Prime Minister Mario Monti gestures as he makes his speech during a visit to the Fiat car factory in the southern city of Melfi
© Stringer Italy / Reuters  /  REUTERS
Italy's Prime Minister Mario Monti (C) gestures as he makes his speech during a visit to the Fiat car factory in the southern city of Melfi December 20, 2012. REUTERS/Ciro De Luca
updated 12/21/2012 8:17:38 AM ET 2012-12-21T13:17:38

ROME (Reuters) - Italian Prime Minister Mario Monti will hand in his resignation to President Giorgio Napolitano after parliament approves the 2013 budget later on Friday, political and government sources said.

Monti, who this month lost the support of the center-right People of Freedom (PDL) party which had backed his technocrat government in parliament, had already announced he would stand down as soon as the budget was passed.

He is due to hold a news conference on Sunday at which he is expected to say whether he intends to stand as a candidate in the election, likely to be held on February 24.

(Reporting by Massimiliano Di Giorgio and Giuseppe Fonte)

(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp

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