(Finance) – The data published by Bank of Italy indicate that in January 2024 the general government debt amounted to 2,848.7 billion. This is a reduction of 14.1 billion compared to what was recorded in the previous month. The debt, on the other hand, is growing by approximately 96.6 billion euros if compared with the 2,752 billion recorded in January 2023. According to the numbers indicated by the report by “Public finance: needs and debt“, the contraction observed in January is due to a decline in the Treasury’s liquid assets (15.7 billion, to 34.2) and to the effect of the discounts and premiums on issuance and redemption, the revaluation of index-linked securities inflation and the change in exchange rates which overall reduced the debt by 1.3 billion, partially offset by the requirement (2.9 billion).
As for i under sectorsthe consolidated debt of the central administrations decreased by 13.6 billion, that of the local administrations by 0.4 billion and that of the social security institutions by approximately 0.1.
The debt of public administrations had marked a new historic high in October last year, at 2,867 billion euros. Based on the latest data processed by the Via Nazionale institution, the duration of average life of debt securities issued by Italy rose to 7.9 years. Most of the share of debt it has maturities exceeding 5 years, for a total of 1,354 billion. Also in January, approximately another 900 billion euros concern securities with a maturity of between 1 and 5 years, while another 594.6 billion are securities with a residual life of less than 12 months.
Again based on the data published in the report “Public finance: needs and debt” in January tax revenues accounted for in the state budget amounted to 46.5 billion, an increase of 5.1 percent (2.3 billion) compared to the corresponding month of 2023.