Italy's public debt hit a new record high of over 2 trillion euros in January, the Italy's central bank said on Friday.Italy's public debt has reached 2.0227 billion euros (2.64 trillion U.S. dollars) in January, 34 billion up from December, which includes 43 billion euros given by the European Stability Mechanism (ESM), the central bank said.Meanwhile, the central bank said tax revenues in January rose by 0.8 percent, or about 200 million euros compared to the same period last year.The debt rose last year from around 120 percent to 127 percent of Italy's gross domestic product (GDP), according to the national statistic institute, despite of the government's austerity plan. At the end of last year, the debt was reduced below 2 trillion for the first time in more than a year, to 1.988 trillion euros.Fitch rating agency last week cut Italy's credit rating from A- to BBB+, with a negative outlook due to the "inconclusive result" of last month's national election, with an estimate that Italy's debt-to-GDP ratio will rise to 130 percent in 2013, after which Italy's borrowing costs rose on Wednesday's bond selling.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor