Italy’s debt-to-GDP ratio rises to 142.4% in Q2 – Eurostat – English

(ANSA) – ROME, OCT 23 – Italy’s public debt stood at 142.4%
of GDP in the second quarter of 2023, up from 140.9% in the
previous three-month period, according to Eurostat data
published on Monday.

   
At the end of the second quarter the general government gross
debt-to-GDP ratio in the euro area stood at 90.3%, down from
90.7% in the first quarter, the European statistics agency
added.

   
Italy had the second highest public debt-to-GDP ratio among the
20 eurozone countries, after Greece in first place at 166.5%.

   
It was followed by Spain at 111.2%.

   
Instead, Italy’s deficit-to-GDP ratio decreased from 11.3% in
the first quarter to 5.4% in the second quarter, Eurostat said.

   
Italy had the second largest government deficit in the eurozone,
behind Greece at 8.5% and ahead of Spain at 5.1%.

   
Across all 20 countries in the euro area, the deficit narrowed
to 2.9% of GDP from 4.3% in the first quarter of 2023, Eurostat
said.

   
Photo: Italian Economy Minister Giancarlo Giorgetti. (ANSA).