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Italy Braces for Larger Debt Load Amid Political Infight

  • Debt seen rising to 158.5% of output in 2021, deficit at 8.8%
  • Government approved larger-than-expected extra deficit request
Updated on

Italy’s government expects debt to rise more than expected this year, as it gets ready to boost fiscal stimulus to support its battered economy.

The Treasury, led by Finance Minister Roberto Gualtieri, expects Italy’s debt to rise to 158.5% of output in 2021, up from 155.6%, while the country’s budget deficit would be 8.8%.