Public Debt Surpasses 3,000 Billion in February: Bank of Italy

Rome: In February, public debt returned above 3,000 billion due to the growth of “Treasury liquidity”, the Bank of Italy said Tuesday. Public administration debt increased by 42.6 billion compared to January, amounting to 3,024.3 billion, said the Italian central bank.

According to Ansa News Agency, the 3,000 billion mark had already been exceeded in November at 3,005.6 billion but then fell back below this threshold in the following two months. The increase in February reflects a rise in the Treasury’s liquid assets by 26.2 billion, bringing it to 76.1 billion. Additionally, the requirement of public administrations rose by 15.7 billion. Other factors contributing to the increase include the effect of discounts and premiums on issuance and reimbursement, the revaluation of indexed securities, and changes in exchange rates, which collectively amounted to 0.7 billion.