"It is essential" that Italy uses the resources of the Recovery Fund "to finance high-quality projects that strengthen growth prospects, facilitate a transition to a green and digital future and accelerate debt relief".
This was stated by Vitor Gaspar, the head of the IMF's Fiscal Monitor.
The Italian debt is expected to rise to 159.7% in 2021 from 157.5% in 2020. This was stated by the IMF by revising the estimates for Italy compared to October, when it forecast a debt of 161.8% for 2020 and 158.3% this year.
"Italy's public debt is sustainable, supported by low interest rates and an expected recovery in growth," says Gaspar.
Italy's deficit in 2020 stood at 10.9%.
This was stated by the IMF which has improved the estimates of the Italian deficit compared to last October, when it estimated at 13%.
For this year, the forecast is for a deficit of 7.5%, worsening from the 6.5% estimated in October.
In support of the world economy, stimuli worth 14 trillion dollars have been launched.
Funds that have "mitigated" the effects of the pandemic on consumption and production.
This was stated by the IMF, underlining how the huge aid allocated by governments caused the public debt to rise to 98% of global GDP at the end of 2020, up from 84% of October estimates.
The IMF states this.
