Italy public debt surpasses 3,200 billion euros

Italy's public debt has surpassed 3,200 billion euros for the first time, reaching approximately 3,207 billion euros in June. This represents a monthly increase of 26.2 billion euros and a yearly increase of roughly 335.9 billion euros compared to the previous year.

The composition of debt holders is shifting due to global monetary policy. The share held by the Bank of Italy is declining, while the proportion held by non-resident investors has risen to 35.7%. Debt held by Italian families and non-financial enterprises has also seen a decrease.

Sustainability concerns are highlighted by the debt-to-GDP ratio, which stands at 138.9% according to Eurostat, significantly higher than the Eurozone average of 88.9%. The European Commission forecasts that this ratio will remain high, reaching 139.2% by 2027, driven by low productivity and slow economic growth, which is expected to remain below 1% in the coming years.