Bloomberg News

Italy January Government Debt Rises to Record EU1.936 Trillion

March 15, 2012

A visitor walks past a logo on a mat inside Banca d'Italia, Italy's central bank in Rome. The euro-region’s second biggest debt increased by 37.9 billion euros from the 1.898 trillion euros reported for December, the central bank said in the report. Photographer: Alessia Pierdomenico/Bloomberg

A visitor walks past a logo on a mat inside Banca d'Italia, Italy's central bank in Rome. The euro-region’s second biggest debt increased by 37.9 billion euros from the 1.898 trillion euros reported for December, the central bank said in the report. Photographer: Alessia Pierdomenico/Bloomberg

Italian government debt rose to a record 1.936 trillion euros ($2.5 trillion) in January as the country funded its share of European Union bailouts and the Treasury deposited more funds with the central bank, the Bank of Italy said today in its public-finances supplement.

The euro-region’s second biggest debt increased by 37.9 billion euros from the 1.898 trillion euros reported for December, the central bank said in the report.

The central government’s deficit reached 4 billion euros in January, a 60 percent increase from the same month a year earlier as Italy had to put up money for its share of EU bailouts that have gone to Greece, Ireland and Portugal. The debt was also inflated by 32.6 billion euros that the Treasury had to deposit with the central bank, an increase that the Bank of Italy said was typical for this time of the year.

To contact the reporter on this story: Chiara Vasarri in Rome at cvasarri@bloomberg.net

To contact the editor responsible for this story: Jeffrey Donovan at jdonovan26@bloomberg.net


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