The Italian public debt continues to rise and, according to data released by Bankitalia, in June it reached the record figure of 3,070.7 billion euros, with an increase of 18 billion compared to May.

The causes of the increase

The surge is mainly due to the public administration's financial needs, which rose to 16.4 billion, the increase in the Treasury's liquid assets (+0.8 billion), and the combined effects of discounts and premiums on issues and redemptions, revaluation of inflation-indexed securities, and exchange rate variations (+0.8 billion).

Growing tax revenues

On the tax revenue front, in June the State collected 43.8 billion, an increase of 4.2% (+1.8 billion) compared to the same month in 2024. In the first half of 2025, total revenues reached 257.3 billion, with a growth of 3.4% (+8.5 billion) compared to the first six months of the previous year.

An increasingly delicate balance

The data confirms an already established trend: increasing tax revenues but a public debt that continues to expand, indicating the need for budget policies capable of combining economic growth and financial sustainability.