In August the public administration debt increased by 11.9 billion compared to the previous month, amounting to 2,962.5 billion. This was noted by Bank of Italy, explaining that the increase is due to the increase in the Treasury’s liquid assets (19.8 billion, to 65.2) and to the overall effect of discounts and premiums on issuance and reimbursement, of the revaluation of securities indexed to inflation and changes in exchange rates (0.2 billion), partially offset by the cash surplus (8.0 billion).
With reference to the breakdown by subsectors, the increase in debt is attributable to that of the central administrations (increased by 12.1 billion); that of local administrations and social security institutions remained substantially unchanged. The average residual life remained stable at 7.8 years. The share of debt held by the Bank of Italy decreased slightly (to 22.7 percent, from 22.9 percent in the previous month); in July (last month for which this data is available) that held by non-residents increased slightly (to 29.4 percent, from 29.3 in June), while that held by other residents (mainly families and non-financial businesses ) remained stable at 14.4 percent.