(Finance) – Il debt of the Italian public administrations increased by 23.5 billion a October 2023 compared to the previous month, reaching the new record of 2,867.7 billion euros. This was announced by the Bank of Italy, according to which the increase reflects that of the Treasury’s liquid assets (20.5 billion, to 52.5), the needs of the public administrations (1.2 billion), as well as the effect of discounts and premiums on issuance and redemption, the revaluation of inflation-indexed securities and changes in exchange rates (overall 1.8 billion).
With reference to the breakdown by sub-sectors, the consolidated debt of central governments increased by 25.9 billion, while that of local governments decreased by 2.3 billion. The debt of social security institutions, however, remained practically unchanged. The average residual life remained stable at 7.7 years.
The share of the debt held by Bank of Italy it decreased to 24.4% (from 25% in the previous month); in September (last month for which this data is available) that held by non-residents remained stable (at 26.8%), while that of the others residents (mainly households and non-financial businesses) increased to 12.7% (from 12.4% in August).