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Italy gross borrowing requirement to drop in 2014, OECD says

This year's GBR to equal 22.7% of GDP vs 25.8% in 2013

28 March, 17:05
Italy gross borrowing requirement to drop in 2014, OECD says (ANSA) - Paris, March 28 - 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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