In the first half of 2014, Italy's public debt increased by 99,1 billion euros. As happens almost every month, the June figure set a new record: the bar rose to 2.168,4 billion, 2,1 more than in May. This was communicated this morning by the Bank of Italy in the supplement to its latest statistical bulletin, specifying that the debt of central governments increased by 5,6 billion, while that of local governments fell by 3,6 billion and that of pension plan remained substantially unchanged. Tax revenues amounted to 42,7 billion in June, down 7,7% on an annual basis.
The increase in debt recorded in the six months is linked to the general government borrowing requirement (36,2 billion) and to the increase in Treasury liquidity (67,6 billion). The issuance of securities above par, the appreciation of the euro and the effects of the revaluation of the Btpi, on the other hand, contained the rise in debt by 4,8 billion. Financial support to the countries of the Eurozone affected the borrowing requirement for the first half by 4,3 billion. Overall, at the end of June Italy's share of financial support for the euro area amounted to 59,9 billion.
