home  › Public finance

Italian public debt rose in December, at €2,169 billion in 2015

The Italian public debt has started rising again. According to the data from the Bank of Italy as of December 31, 2015, the public administration debt was equal to €2,169.9 billion, while at the end of 2014 it amounted to €2,136 billion (132.4% of the GDP).

The debt increase in 2015 (€33.8 billion) was below the requirement of the Public Administration (€49.3 billion), due to a €10.7 billion decrease in the liquid assets of the Treasury (at €35.7 billion at year end).

For the year ended December 31, 2015, Italy's contribution to support EMU's countries amounted to €58.2 billion (€60.3 billion at the end of 2014): €10 billion to Greece, €33.9 billion through the European Financial Stability Facility (EFSF) and €14.3 billion to the European Stability Mechanism (ESM).