New record for Italian public debt: nearly 3,000 billion

Italian public debt reached a new record in May, increasing by 13.3 billion euros compared to the previous month, reaching 2,918.9 billion euros, according to the latest report by the Bank of Italy.

Increase in central government debt

The debt of central administrations recorded a significant increase of 13.6 billion euros. This rise was the main factor behind the new record reached by the overall public debt.

Reduction in local government debt

Contrary to the general trend, local government debt decreased by 0.3 billion euros. This decline, though modest, indicates an effort towards more stringent financial management at the local level.

Stability of social security entities’ debt

The debt of social security entities remained substantially unchanged, indicating some stability in the management of this sector despite the general economic difficulties.

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