There Bank of Italy has spread its monthly report on the progress of the Italian public debt. After the decrease in December, which reported the passive under the threshold of 3 thousand billion euros, the amount of money that the Italian state owes to its creditors has returned to grow, touching the record again.
However, it is almost exclusively an increase in liquid availability of Treasure, who had significantly reduced to December and who had contributed to the decrease in debt during that month. The debt share owned by non -residents is also increasing, while the needs of public administrations remains stable.
Italian debt is back to grow
The Italian public debt has returned to grow. After the drop in the month of December, he reached the 2,980.5 billion euros. It is a very high figure also for the recent past, but not a record. In fact, last November, the public debt had broken through the symbolic threshold of 3 thousand billion euros. In January, despite the growth, it remained under that threshold.
2024 was another year of increase in public debt. Despite the policies very attentive to the counts of the Meloni government, mainly pushed by the Minister to Economy Giancarlo Giorgetti, the needs of public administrations has grown significantly, even if less than he had done in 2023.
Italian debt, between needs and treasure
Most of the sudden recent variations of the Italian public debt are due to movements within the coffers of the Treasure. In January, the liquid availability of the Italian State went from 12.3 billion euros to touch 50 billion. The graphs of the Bank of Italy show that, net of this data, the public debt has always remained below the threshold of 3 thousand billion euros.
The needs of the public administrations He has remained, for more than a year, stable between 80 and 100 billion euros, up to the sudden growth of September and October 2024. Since then, despite the clear drop in December and the substantial stability of November and January, this data has not managed to return in line with the recent trend.
Who owns the Italian debt
The last report of the Bank of Italy also contains the data on those who own the Italian public debt, updated to the last available detection of December 2024. It is confirmed, in line with 2023, the growth of the percentage of public debt in the hands of non -residentsbe they financial or private institutions. While remaining in a large minority, below 30% of the total, this segment is the largest of those taken into consideration by Bankitalia.
In second place, both just below 25% of the total debt, there are Italian financial institutions and the same Bank of Italywhich, however, have significantly reduced the percentage of debt they have in the last two years. In the same way, even the non -monetary financial institutions They have less and less Italian titles in hand.
To grow significantly are instead the other residentsi.e. Italian private individuals, who exceed non -monetary financial institutions as a percentage of detained debt. In 2021 this category had significantly reduced. Since then, however, the state has put on the market very advantageous financial products for private individuals, such as BTP value and BTP Italia.
