(Finance) – New record for the Italian public debt. According to the data released by the Bank of Italy, in February the government debt increased by 22.4 billion compared to the previous month, resulting in 2,736.6 billion.
“The increase – explains the Institute – is mainly due to the increase in the Treasury’s liquidity (18.2 billion, to 102.0); also contributed by the borrowing requirement (2.4 billion) and the overall effect of spreads and premiums on issue and repayment, the revaluation of inflation-linked securities and the change in exchange rates (1.8 billion) ” .
With reference to the distribution by subsectors, the debt of central administrations increased by 21.1 billion while that of local administrations by 1.3 billion; the debt of the social security institutions remained virtually unchanged. At the end of February the share of the debt held by the Bank of Italy was 25.5 per cent (0.1 percentage points more than the previous month); the average residual maturity of the debt remained stable compared to January, at 7.6 years.
In the same month, the tax revenue accounted for in the state budget were equal to 35.9 billion, in increase of 23.2 per cent (6.8 billion) compared to the same month of 2021. In the first two months of the year, they amounted to 75.7 billion, an increase of 15.1 per cent (9.9 billion ) compared to the same period last year.