Italy's debt-to-GDP ratio rises to 142.4% in Q2
Italy's public debt stood at 142.4% of GDP in the second quarter of 2023, up from 140.9% in the previous three-month period, according to Eurostat data published on Monday, Azernews reports, citing ANSA.
At the end of the second quarter the general government gross debt-to-GDP ratio in the euro area stood at 90.3%, down from 90.7% in the first quarter, the European statistics agency added.
Italy had the second highest public debt-to-GDP ratio among the 20 eurozone countries, after Greece in first place at 166.5%.
It was followed by Spain at 111.2%.
Instead, Italy's deficit-to-GDP ratio decreased from 11.3% in the first quarter to 5.4% in the second quarter, Eurostat said.
Italy had the second largest government deficit in the eurozone, behind Greece at 8.5% and ahead of Spain at 5.1%.
Across all 20 countries in the euro area, the deficit narrowed to 2.9% of GDP from 4.3% in the first quarter of 2023, Eurostat said.
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