Meloni Gets Italian Budget Boost With 2023 Debt Revised Down
- Nominal GDP is now judged to have been higher in prior years
- Revisions arrive just in time for government preparing budget
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A multi-year revision of Italy’s data removed almost three percentage points off its debt ratio, offering a boost to premier Giorgia Meloni’s government as it prepares to unveil new budget targets.
Nominal gross domestic product is now judged to have been €42.6 billion ($47.2 billion) higher in 2023 than previously estimated, according to Istat, the Rome-based statistics agency. That means that debt as a percentage of output was only 134.6%, instead of 137.3%.