Many countries reacted to the crisis that took shape in 2008 by expanding their public budgets.
Between 2008 and 2014, deficit expansion translated into debt growth.
It is evident that the trend of Italy’s debt has been much more subdued than in other countries.
Despite Italy's modest economic growth during the years of the crisis, the increase in Italy's debt was well below the average for both the EU countries, and the Euro Area countries.
As a result of economic growth and a plan now being implemented to divest State properties, Italy's debt-to-GDP ratio has stabilized and will start declining in 2016.
Since the beginning of the economic crisis (2008Q3 – 2014Q2), Italy’s public debt has grown by 29.1% at a rate slower than that seen in the United States (44.3%) and in many countries of the European Union, such as Denmark, France, Greece, UK, Portugal, Spain and Ireland.
(Source: Eurostat, IMF)