Italy's government deficit stood at 5.4% of GDP in the second quarter, down sharply from 11.3% in the first quarter. This was reported by Eurostat.
Italy has the second largest deficit in the eurozone, behind Greece (5.1%) and above Spain (5.1%). In the eurozone, the deficit narrowed to 2.9% from 4.3% in the first quarter.
Italy's public debt rose in the second quarter to 142.4% of GDP, compared to 140.9% in the first quarter of 2023.
In the Eurozone, it fell to 90.3% from 90.7% in the first quarter. Italy's public debt ranks second among the 20 in the euro area, after Greece (166.5% of GDP) and is higher than that of Spain (111.2% of GDP).
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