The Italian debt is still growing: 1.897,5 billion, a new record in May

The Italian public debt continues to grow and sets yet another record. According to the Bank of Italy bulletin on public finance, in May the astronomical figure weighing on the accounts of the public administrations rose to 1.897,472 billion euro. In April it had reached 1.890,516 billion. In the first five months, tax revenues amounted to 140,5 billion euros, up 5,6% compared to 133,033 billion euros in the same period a year ago. Furthermore, compared to the end of 2010, when the debt stood at 1.843,015 billion, the increase is 2,95%, equal to 54,457 billion. With an average maturity of 7,7 years, the Italian public debt is confirmed as one of those with the longest maturity in the Eurozone countries.