Public debt hits record 2.5 tn in May

(ANSA) - ROME, JUL 15 - Italy's public debt hit a record 2.5076 trillion euros in May, the Bank of Italy said Wednesday.
    This was 40.5 billion higher than April, the central bank said.
    The accumulated PSBR surged to 66.4 billion between January and May, more than double the 29.6 billion of the same period last year.
    In May alone , the tax take fell 27.8% on the same month in 2019, due to the COVID crisis.
    Meanwhile, ISTAT confirmed that Italy was in deflation in June too, with a fall of 0.2% in the consumer price index.
    But the inflation trolley rose by 2.1%.
    Italian GDP is set to fall 12-13% due to COVID this year.
    It will then bounce back 4-5% next year, according to various forecasts. (ANSA).