ROME (ITALPRESS) – As of Dec. 31, 2024, general government debt was estimated by the Bank of Italy at 2,965.7 billion. At the end of 2023, the debt amounted to 2,868.4 billion (134.8 percent of GDP). However, the figure is down from 3,004.3 billion in November 2024.
The year-on-year increase in debt (97.3 billion) reflected general government requirements (105.7 billion) and the overall effect of issuance and redemption haircuts and premiums, the revaluation of inflation-indexed securities, and exchange rate changes (3.9 billion), partially offset by the decrease in Treasury liquid assets (12.3 billion, to 37.6). With reference to the breakdown by subsectors, the consolidated debt of central government increased by 99.9 billion, to 2,883.6, while that of local government decreased by 2.6 billion, to 82; the debt of social security agencies remained essentially stable. During 2024, the share of debt held by the Bank of Italy decreased, standing at 21.7 percent at the end of the year (from 24.2 percent at the end of 2023). Last December, the average remaining life of debt was in line with that at the end of 2023 (7.9 years).
(ITALPRESS).
-Photo: Ipa Agency-
In 2024 public debt rising but under 3 trillion
