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Ministry of Economy and FinanceSTATE SECTOR BORROWING REQUIREMENT FOR NOVEMBER 2009

Press Release N° 184 of 12/01/2009

A state sector borrowing requirement of approximately € 5,200 million was recorded on a provisional basis in November 2009, up by approximately € 800 million from the figure of € 4,363 recorded in November 2008.

The state sector borrowing requirement amounted to approximately € 88,400 million in the eleven months of 2009, some € 31,300 million higher than the figure of € 57,048 million for the corresponding period in 2008.

COMMENT

Compared to the same period in 2008, the state borrowing requirement for the month of November 2009 was principally affected by the withdrawals from Treasury accounts by the regional authorities.

These accounting items were partially compensated by lower interest payment liabilities on state bonds and by a solidarity contribution granted by the European Union for the reconstruction effort in the aftermath of the earthquake in Abruzzo.

Rome 12/01/2009

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