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A new all-time high for public debt
Italian public debt has recently surpassed the 3,000 billion euro mark, a goal that, although it may seem like an economic result, actually represents an alarm bell for the country’s future. According to data provided by the Bank of Italy, general government debt increased by 23.9 billion euros compared to the previous month, bringing the total to 3,005.2 billion euros in November, compared to 2,981.3 billion euros
in October.
The causes of the increase in debt
This increase is attributable to several factors, including the increase in Treasury cash, which registered an increase of 20.9 billion euros, and the needs of public administrations, which contributed 3.2 billion euros. However, it is important to note that there were also compensatory effects, such as rejects and premiums upon issuance and redemption, which had a limited impact on total debt
.
The consequences for future generations
Massimiliano Dona, president of the National Consumer Union, commented on this historical record, stressing that the per capita debt for every Italian citizen exceeds 50,000 euros, while for an average family it reaches about 113,000 euros. These numbers highlight how public debt is not only a current problem, but a real ballast for future generations. Debt sustainability is a crucial issue that requires attention and concrete actions on the part of institutions.
The global economic context
In a constantly changing global economic environment, attention is also shifting to the monetary policies of the main central banks. For example, the Bank of Japan is closely monitoring interest rates, while investors are waiting for data on American inflation. These factors can influence not only the Italian economy, but also the global economy, making the situation even more complex.
