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Italy state sector deficit widens to €12.3 billion in August y/y

Italy reported a state sector budget deficit of €12.3 billion in August, versus a €204 million shortfall in the same month last year, the Treasury said.

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Italy posted a state sector budget deficit of €12.3 billion ($14.25 billion) in August compared to a shortfall of €204 million in the same month last year, the Treasury said in a statement on Tuesday.($1 = 0.8630 euros)