Italy's public debt drops 20 bn to 2.148 trillion - update

Bank of Italy says tax revenues grew in August

(ANSA) - Rome, October 14 - Italy's massive public debt fell by 20.5 billion euros in August to 2.1484 trillion, the Bank of Italy said on Tuesday. The central bank added that Italian tax revenues increased by 400 million euros, 1.3%, in August compared to the same month in 2013, taking them up to 32.6 billion euros. But the picture for the first eight months of this year was less positive.
    The bank said Italy's public debt had grown by 78.6 billion euros in the January-August period.
    Tax revenues were down 600 million euros, 0.2%, in the first eight months of the year compared with the same period in 2013.


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