IMF sees Italy's public debt reaching 138.5pc of GDP in 2024

MILAN: Italy's debt is set to rise each year between 2019 and 2024 to reach 138.5 percent of gross domestic product (GDP) at the end of the period, according to the International Monetary Fund.

In its Fiscal Monitor report, the IMF estimated Italy's financing needs would total 24.7 percent of GDP in 2021 to refinance maturing debt and fund a budget deficit seen at 3.5 percent of GDP.