Bank of Italy: Italian Public Debt Surpasses 3.2 Trillion Euros in June

Italy's public debt has hit a new record high, surpassing 3.2 trillion euros in June, according to data released by the Bank of Italy. The debt of public administrations increased by 26.2 billion euros compared to May, reaching a total of 3,207.2 billion euros.

This increase is attributed to several factors, including the financing needs of public administrations (13.3 billion euros), a rise in the Treasury's liquid assets (9.8 billion euros, bringing the total to 61.7 billion euros), and other financial effects related to bond issuance, redemption, inflation-indexed securities, and currency exchange rate variations (3.1 billion euros).

In June, tax revenues recorded in the state budget amounted to 43.2 billion euros, a slight decrease of 1.3% (0.6 billion euros) compared to the same month in 2025. However, for the first six months of 2026, tax revenues totaled 261.0 billion euros, an increase of 1.4% (3.6 billion euros) over the previous year's period.

The share of Italian public debt held by foreign investors continued to grow in June. The Bank of Italy's holdings decreased to 16.7% from 17.2% in the previous month. Meanwhile, non-residents held 35.9% of the debt in May (the latest available data), up from 35.7% in April. Holdings by other residents, primarily households and non-financial corporations, decreased to 14.5% from 14.7%.