Italian public debt reaches €3,113 billion in January
Banca d'Italia reported that Italy's general government debt reached €3,113.0 billion in January 2026. The monthly statistics also showed a general government borrowing requirement of €8.0 billion for the month.
Debt continues its upward trajectory
Italy's general government debt reached €3,113.0 billion in January 2026, marking an increase of €17.5 billion from the previous month.
This continues the upward trend, with the total debt having stood at €3,095.5 billion at the end of 2025.
The general government borrowing requirement for January 2026 was €8.0 billion.
This figure contrasts with the central government's net borrowing requirement of -€7.8 billion, reflecting additional borrowing needs from local governments and social security institutions.
The financing primarily involved an increase in currency and deposits by €16.9 billion, while short-term securities decreased by €0.9 billion.
Composition of public liabilities
The composition of Italy's general government debt by holding sector indicates a significant portion held by resident entities.
As of December 2025, resident Monetary Financial Institutions (excluding Banca d'Italia) and other residents held substantial shares.
Non-resident holdings also represent a notable portion, reflecting international investor exposure to Italian sovereign risk.
The report details the debt by instrument, with medium and long-term securities forming the largest component.
This breakdown is crucial for understanding public finances.