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Public debt down, revenues up in February

Debt down 5.2 bn to 2,017.6 bn, tax take up 2.3% to 27 bn

12 April, 12:11
Public debt down, revenues up in February (ANSA) - Rome, April 12 - Italy's public debt fell 5.2 billion euros in February to 2,017.6 billion, the Bank of Italy said Friday.

Tax revenue rose 2.3% to 27 billion, it said.

Italy's public debt is currently projected to rise to 130.4% of GDP this year and then gradually fall to 129% in 2014 and 125.5% in 2015, about the level of recent years.

The debt is the second-highest in the eurozone after Greece's.

The Bank of Italy said Rome paid 0.7 billion euros into eurozone stability funds in February, bringing its total outlay, both bilaterally for troubled partners and overall into the European Stability Mechanism bailout fund, to 43.7 billion.