Italy public debt reaches new record high

14.06.2012 20:10
Italy public debt reaches new record high

YEREVAN, June 14. /ARKA/. Italian public debt has reached a new record high, RIA Novosti reports citing data released today by the Bank of Italy. At the end of April, the debt stood at €1.9485trn, an increase from the previous figure of €1.946trn in March. The debt has increased by €50.7bn since the end of 2011.

Government revenues for the first quarter of the year were about €111bn, a 0.2% increase from the same quarter the previous year. In April 2012, revenues increased by 2.4% compared to April 2011.
Fabrizio Saccomanni, director general at the Bank of Italy, warned of structural problems of growth for the Italian economy. -0-


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