Italy’s public interest spending forecast to reach 4.6% of GDP in 2028-29

Italy’s Court of Auditors says government spending on interest is expected to rise sharply.

It forecasts interest costs at 4.6% of gross domestic product in 2028-29.

Gross domestic product, or GDP, is the total value of goods and services produced in a country.

The forecast was presented during hearings by the budget committees of Italy’s Chamber of Deputies and Senate.

The hearings are part of an initial examination of the 2026 public finance plan.

Representatives of Italy’s statistics agency, the national council for the economy and labour, and the central bank are also scheduled to speak.

The hearings are scheduled to conclude with an address by Economy and Finance Minister Giancarlo Giorgetti.