Giovedì, 20 Settembre 2018
ROME

Big debt reduction in near future - Padoan (2)

English
© ANSA

Rome, November 15 - Economy Minister Pier Carlo
Padoan said Wednesday that Italy will start making major cuts to
its massive public debt soon.
"We expect a decisive fall in the public debt in the near
future," Padoan told CNBC.
He said this would come about thanks to higher growth in
nominal gross domestic product.
Italy's public debt rose to 2.2837 trillion euros in
September, an increase of 4.4 billion with respect to August,
the Bank of Italy said on Wednesday.
In August the debt had dropped by 21.3 billion euros.
The central bank said September's increase was due to an
increase in the public sector borrowing requirement of 16.5
billion, which was compensated in part by lower Treasury
liquidity.

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