Rome

PSBR 9.2 bn in August

2.4-bn hole left by IMU

PSBR 9.2 bn in August

Rome, September 2 - Italy posted a public-sector borrowing requirement in August alone of 9.2 billion euros compared with 5.986 billion a year previously, the economy ministry said Monday. The increase was due to a 2.4-billion-euro hole left by the scrapped IMU property tax and four billion euros in longstanding debts paid, the ministry said.

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