With the recovery and programmed dismissals of public participations and properties - the proceeds of which estimated at 1 percentage point of GDP a year - the public debt is forecast to decrease to 122.3% in 2013, 119.3% in 2014 and 116.1% in 2015 from 123.3% this year. This is net of the financial support to euro area countries in need.

The combined effect of sound public finances and reforms in Italy, on the one hand, and of the stabilization of the euro area, on the other hand, will allow the Italian economy to rebound rapidly as the financial situation of companies and households remains sound and the excellence of Italy’s products continues to perform very well.

For more information see two-page summary of the updated DEF and the DEF document itself at: http://www.governo.it/