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Bank of Italy: public debt -14,4 billion in September

The improvement determined by the drop in treasury liquidity and the depreciation of the euro – Debt however increased by 64,2 billion in the nine months of 2014.

Bank of Italy: public debt -14,4 billion in September

Il debt of general government decreased in September by 14,4 billion euros, falling to 2.134 billion, announced today the Bank of Italy.

The decline, says Bankitalia in the public finance supplement to its statistical bulletin, "was determined by the reduction of 30,9 billion in Treasury liquidity (equal to 51,6 billion at the end of September; 40,8 in September 2013), which more than offset the requirement for the month (18,4 billion)”.

In addition, “the issuance of securities above par, the depreciation of the euro and the effects of the revaluation of inflation-linked securities have overall contained the increase in debt by 1,9 billion”. The drop was 14 billion euros for the central administration, 0,4 billion for the local administrations, specifies Via Nazionale.

In the first nine months of 2014 public debt increased by 64,2 billion: by 57,9 billion for general government, 13,9 billion for and the increase in Treasury liquidity.

In the borrowing requirement for the first nine months, Bankitalia says, it also “engraved 4,7 billion the financial support to euro area countries”.

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