Italy Public Debt Down E6.8 Bln In February To E1.928 Trln

PARIS (MNI) – Italy’s public debt declined by E6.8 billion m/m in
February to 1.928 trillion, the Bank of Italy said Monday.

The borrowing requirement, net of privatization receipts, was E8.8
billion in February, down E1.4 billion from a year earlier.

The E6.8 billion month-on-month drop in the public debt reflected a
E16 billion reduction in Treasury balances at the central bank, which
was partially offset by the borrowing requirement, by the impact of
yield spreads on government securities and by exchange rate variations,
the Bank of Italy said.

The borrowing requirement for the first two months of the year, at
E12.7 billion, is in line with the figure registered a year ago.

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