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.