Italy’s public debt at record high
Italian public debt has reached a new record high, according to 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.