Lower interest rates helped to reduce
the Italian government's borrowing costs in the first quarter of
this year compared with Q1 in 2013, the economy ministry
announced Friday.
During the first quarter of this year, borrowing amounted
to approximately 41.8 billion euros, about 6.2 billion euros
less than the amount in the same period of 2013.
The ministry said that State borrowing also fell during the
month of April, when estimates show that about 10.1 billion was
borrowed during the month, down from the 11.33 billion euros in
the same month last year.
Overall public accounts were improved by lower interest
rates paid out by the government as well as a small increase in
value-added taxes paid.
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