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Italy's public debt hits new record.

Rome, Shawwal 5, 1434, Aug 12, 2013, SPA -- Italy's public debt rose to a new record, official data showed Monday, according to DPA.

The eurozone's third-largest economy owed 2.0751 trillion euros (2.76 trillion dollars) as of June, up from 2.0746 trillion euros in May, the Bank of Italy said in a monthly bulletin.

The increase was registered despite government tax receipts going up from just over 180 billion euros in the first half of 2012 to 189.5 billion euros in the same period in 2013, the Bank of Italy said.

The Italian treasury also announced that it had managed to sell 7.5 billion euros worth of one-year bonds at a yield of 1.053 per cent, down from 1.078 per cent at a similar debt auction in July.

--SPA 15:22 LOCAL TIME 12:22 GMT

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Publication:Saudi Press Agency (SPA)
Date:Aug 12, 2013
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