Milan, April 15 (LaPresse) – In February, public administration debt increased by 42.6 billion compared to the previous month, reaching 3,024.3 billion. The increase reflects the growth in Treasury liquid assets (26.2 billion, totaling 76.1 billion), the funding requirements of public administrations (15.7 billion), as well as the effects of issue and redemption discounts and premiums, the revaluation of inflation-indexed securities, and exchange rate fluctuations (0.7 billion). This is indicated in the statistical publication 'Public Finance: Requirements and Debt' by Bank of Italy, which released the February 2025 data on public administration debt and requirements. Regarding the breakdown by subsectors, the increase in debt is mainly attributable to central government debt (42.5 billion); debt of local governments and social security entities remained virtually unchanged. The average remaining maturity remained stable at 7.9 years, with the share of debt held by the Bank of Italy continuing to decrease, standing at 20.8 percent (down from 21.4 percent the previous month), while in January (the latest month for which this data is available) the share held by non-residents increased to 31.4 percent (up from 31.1 percent the previous month) and that held by other residents (mainly households and non-financial enterprises) remained unchanged at 14.2 percent. In the first two months of 2025, tax revenues totaled 90.0 billion, an increase of 4.8 percent (4.1 billion) compared to the same period last year. Compared to data published on March 14, debt was revised upwards by 1.4 billion in 2021, 1.3 billion in 2022, 1.2 billion in 2023, and 0.9 billion in 2024 following the ordinary update of sources, as highlighted by the Bank of Italy.
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