Italian government debt to GDP ratio jumps as revenues flatline

Italy’s public deficit to GDP ratio rose to 7.3 per cent (€27.38bn) in the first quarter of 2013 – up from 1.5 per cent in the previous quarter and 6.6 per cent in the first quarter of 2012.

The annual increase was driven by a one per cent increase in current expenditures, a 7.6 per cent increase in total capital expenditures and no increase in total revenues.

Source: Istat