ROME (ITALPRESS) – In January, general government debt increased by 14.8 billion from the previous month to 2,980.5 billion, according to the Bank of Italy’s statistical publication. The increase reflects that of the Treasury’s cash holdings (12.3 billion, to 49.9) and general government requirements (2.9 billion); in the opposite direction operated the overall effect of haircuts and premiums on issuance and redemption, the revaluation of inflation-indexed securities and changes in exchange rates (altogether about 0.5 billion).
With reference to the breakdown by subsectors, the consolidated debt of central government increased by 14.9 billion, while that of local government decreased by 0.1 billion.
The debt of pension plans remained almost unchanged. The average remaining life remained stable at 7.9 years. The share of debt held by the Bank of Italy decreased to 21.4 percent (from 21.7 percent in the previous month); in December (the latest month for which this data is available) that held by nonresidents increased by a tenth of a point to 31.2 percent, while that held by other residents (mainly households and nonfinancial firms) remained stable at 14.2 percent.
– Photos
(ITALPRESS).
