Italy's gross borrowing
requirement (GBR) this year is expected to drop to $542.2
billion, or 22.7% of the nation's gross domestic product (GDP),
the Organisation for Economic Co-operation and Development
(OECD) said Friday.
The data was compared to the $607.1 billion GBR of 2013,
which was equivalent to 25.8% of GDP.
The report on sovereign debt calculates nations' borrowing
requirements on the basis of deficits and amortization, and not
on forecasts of state debt sales made by government
institutions.
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