Official national accounts released by Istat show Italy’s deficit-to-GDP ratio standing at 3.1% for 2025. While close to targets, the final figure leaves the country unable to secure an early exit from the European Union’s Excessive Deficit Procedure.

Italian Minister of Economy Giancarlo Giorgetti expressed regret over the outcome, acknowledging that Rome will now have to wait until 2027 to clear the benchmark. Despite the setback, Giorgetti stressed that current public finance trajectories remain aligned with the government's medium-term economic targets.

The report also highlights a tax burden that climbed to 42.9% of GDP in 2025, up 0.7 percentage points from the previous year. On a marginally positive note, national debt for 2025 was revised slightly downward to 136.7% of GDP, below April’s projection of 137.1%, though still elevated compared to the 134.2% recorded in 2024. The figures underscore the ongoing structural challenges facing Italy’s public finance recovery plan.