Overview

• Public debt rose by €30.1 billion in March to reach €3,063.5 billion, according to Banca d’Italia
• Foreign investors increased their share of Italian debt from 31.9% to 32.4% over the same period
• Banca d’Italia’s own holdings fell to 20.2% in April from 20.5% in the previous month
• Central government borrowing accounted for €29.9 billion of the monthly increase while local authorities and pension funds saw little change
• Tax revenues grew by 3.2% year-on-year in April, offering modest relief for government financing