Italy closed 2014 with a public debt growing by over 66 billion to 2.134,9 billion.
This was announced by the Bank of Italy, recalling that at the end of 2013 the debt amounted to 2.068,7 billion (127,8% of GDP).
The increase in debt was slightly higher than the requirement, equal to 65,8 billion.
“Issuance discounts and premiums contained the debt by 8,7 billion, almost entirely offsetting the increase determined by the growth of the Treasury's liquid assets (8,6 billion, to 46,3) and by exchange rate variations (0,5, XNUMX billion)”, explains Bank of Italy.
Financial support to euro area countries accounted for 4,7 billion of the needs (13 billion in 2013).
Overall, in the five-year period 2010-14, the Italian contribution to financial support for euro area countries amounted to 60,3 billion.
Bilateral loans of 10 billion were granted to Greece under the first aid programme. The contribution to the capital of the European Stability Mechanism (ESM) amounted to 14,3 billion (only 2,9 in 2014).
Italy's share of the aid disbursed by the European Financial Stability Facility (EFSF) amounted to 36 billion (1,8 in 2014). Of the latter, 27,2 billion were granted to Greece under the second programme, 5,2 to Portugal and 3,5 to Ireland.
