Italy's public debt hits new record high

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Italy's public debt hits new record high

STORY: Italy's public debt hits new record high DATELINE: Aug. 18, 2023 LENGTH: 00:00:39 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street in Rome 2. various of Rome stock exchange building STORYLINE: Italy's public debt set an all-time record of 2.843 trillion euros (3.09 trillion U.S. dollars) in June, reflecting in part an increase in government borrowing, the Bank of Italy said Wednesday. That number rose by 27.8 billion euros compared to the previous month, reported the central bank. The size of Italy's public debt has risen every month this year after declining in the final three months of 2022. Currently, excluding liquid balances of the Italian Treasury such as euros, foreign currencies and other assets, public debt was 2.802 trillion euros -- the first time that figure surpassed the 2.8 trillion euros threshold. The main factor pushing debt levels higher was increased government borrowing, which swelled by 12.3 billion euros compared to a month earlier, the bank said. In addition

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