Italy debt rises as populist, euroskeptic parties talk tax cuts, basic income

ROME, May 15 (Xinhua) — Italy’s public debt topped 2.302 trillion euros (2.72 trillion U.S. dollars) in March, breaking a record high of 2.3 trillion in July 2017, the Bank of Italy reported Tuesday.

Public debt rose by 15.9 billion euros in March compared to February. Meanwhile the tax take in the same month totalled 28.5 billion euros, unchanged compared to the same period in 2017, the Italian central bank said on Twitter.

The news came as government-formation talks continued between the two relative winners of Italy’s last general election: the right-wing League party and the populist Five Star Movement, who […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.