Italian debt was at 132.2% of GDP last year
- Targets debt at 131.3% of GDP in 2020
- Targets debt at 130.2% of GDP in 2021
Every year, Italy targets a declining debt-to-GDP ratio over the next few years with fiscal plans to try and get there. But every year, the government debt continues to balloon further and further without any signs of actually falling back to the EU's Stability and Growth Pact threshold of 60%. While plenty of countries do exceed that threshold, Italy's rising debt since the global financial crisis is most worrying for the region.
