" /> 01/11/2012 04:28
Italy's public spending deficit decreased from last year in the third quarter, data released by statistical office Istat showed Wednesday.
Net borrowing fell to 2.7 percent of gross domestic product (GDP) in the third quarter form 3.5 percent a year earlier. In the second quarter, the public spending deficit was 3.4 percent of GDP.
Primary balance, which is debt net of interest expense, was positive and and had a 1.7 percent impact on GDP, the agency said.
In the first nine months of the year, total public spending decreased 0.3 percentage points from last year to 4.3 percent of GDP.
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