ROME, May 15 (Xinhua) -- Italy's public debt hit an all-time high of 3.034 trillion euros (3.38 trillion U.S. dollars) in March, the Bank of Italy reported Thursday, a 9.5-billion-euro increase compared to the previous month.
Amid a weakening trend in the U.S. dollar, the total public debt reached record levels in dollar terms as well.
Italy's debt-to-gross domestic product ratio is among the highest in the world, with public debt equivalent to 135.3 percent of GDP at the end of last year.
With public debt increasing faster than economic growth, that ratio is expected to increase in 2025.
The Bank of Italy said the rise in debt between February and March was mostly due to a 23.7-billion-euro increase in public sector borrowing requirement. (1 euro = 1.12 U.S. dollars)
