ROME (Reuters) – Italy’s public debt as a proportion of output last year was slightly higher than previously estimated, national statistics bureau ISTAT reported on Tuesday.
The level of public debt in 2023 was slightly increased to 134.8% of gross domestic product (GDP) from the 134.6% estimated last month, when ISTAT revised the debt-to-GDP ratio down from a previous 137.3%.
The statistics office also updated the country’s debt figure for 2022 to 138.3% from a previously estimated 138.1%.
Italy’s debt is proportionally the second highest in the euro zone after that of Greece.
The budget deficit was confirmed at 7.2% of GDP last year and at 8.1% for 2022.
The marginal revision is part of ISTAT’s routine reviews of public finance data.
(Reporting by Antonella Cinelli, editing Giulia Segreti)
