Public finances, Bank of Italy: debt rises to €3,070.7 billion in June.

Increase of 18 billion compared to the previous month

Last June, general government debt increased by €18.0 billion compared to the previous month, reaching €3,070.7 billion . The increase reflects general government borrowing requirements (€16.4 billion), the growth in Treasury liquidity (€0.8 billion, to €47.0 billion), as well as the effect of issue and redemption premiums and spreads, the revaluation of inflation-linked securities, and exchange rate fluctuations (€0.8 billion). This was reported by the Bank of Italy.

Looking at the breakdown by subsector, central government debt increased by €19.7 billion, while local government debt decreased by €1.7 billion. Social security debt remained virtually unchanged. The average residual maturity remained stable at 7.9 years.

The share of debt held by the Bank of Italy continued to decline, reaching 19.6 percent (from 20.0 percent the previous month), while in May (the last month for which this data is available) that held by non-residents had increased to 33.2 percent (from 33.0 percent the previous month) and that held by other residents (mainly households and non-financial corporations) had decreased to 14.1 percent (from 14.3 percent).

Tax revenues

In June, the Bank of Italy reports, tax revenues recorded in the state budget amounted to €43.8 billion, an increase of 4.2 percent (€1.8 billion) compared to the same month in 2024. In the first six months of 2025, tax revenues amounted to €257.3 billion, an increase of 3.4 percent (€8.5 billion) compared to the same period of the previous year.