In its issuance programme for the fourth quarter released late on Friday the Treasury raised its estimate for gross debt issuance this year to 333 billion euros ($351.95 billion).
That compared with its forecast of 310-320 billion euros made at the start of the year.
Germany reduced its needs in the fourth quarter by 31 billion euros ($32.59 billion).
The Treasury has so far covered around 80% of its 2023 gross funding needs, it estimated on Friday.
For the fourth quarter, the Treasury estimated gross issuance of medium and long-term bonds at around 60 billion euros, with issuance net of redemptions seen at a negative 12 billion euros over the same period.
Persons:
JP Morgan, Analysts, Italy –, Giorgia Meloni, Giuseppe Fonte, Gavin Jones
Organizations:
European Union, Treasury, European Commission, Thomson
Locations:
Italy, Rome, MILAN, ROME, Germany, Portugal, France, London