MILANO – The public debt Italian stops growing and reverses course. According to the report by Bank of Italy, in September the general government debt decreased by 27.9 billion compared to the previous month, amounting to 2,706.4 billion. The decline, however, was affected above all by the reduction in the Treasury’s liquidity, which fell by 43.3 billion to 96.3 billion. The effect of spreads and premiums on issue and redemption, the revaluation of inflation-linked securities and the change in exchange rates reduced the debt by 0.1 billion overall.
With reference to the breakdown by subsectors, the debt of the central government decreased by 28.3 billion, while that of the local government increased by 0.3 billion. On the other hand, the debt of the social security institutions remained stable. At the end of September, the share of the debt held by the Bank of Italy was 24.1 per cent (0.6 percentage points more than the previous month); the average residual life of the debt remained stable at 7.6 years.
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