ROME, July 15 (Xinhua) -- Italy's public debt surged to a record 2.919 trillion euros in May, the Bank of Italy reported on Monday, marking a significant month-over-month increase driven by heightened public sector borrowing.
The debt level, which translates to 3.185 trillion U.S. dollars, was 13.3 billion euros higher than in April, setting an all-time high for public indebtedness. The biggest contributor to this increase was an 11.5-billion-euro rise in the public borrowing requirement, according to the Bank of Italy.
