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Public debt in Italy rises to unprecedented levels of $3.1 trillion in June.

[18/08/2024 01:13]

ROME-SABA
Public debt in Italy rose to unprecedented levels in June, jumping by more than $30 billion to more than $3.1 trillion.

The Italian Central Bank said in a statement "The nominal value of the state's public debt in June 2023 reached 2843.1 billion euros ($3134 billion), an increase of 27.8 billion euros ($30.7 billion) from the previous May".

The rise in public debt reflects increased treasury liquidity in June by €14.2 billion ($15.65 billion) to €41.8 billion ($46.1 billion) and "debt requirements" by €12.3 billion ($13.6 billion).