Italy Swings to Public Surplus in Q4 2025 After Deficit Narrows

Italy’s public accounts recorded a sharp turnaround in the final quarter of 2025, with the public deficit indicator shifting from positive to negative territory, according to data updated on 3 April 2026.

In the third quarter of 2025, Italy’s public deficit indicator stood at 3.2%. By the fourth quarter of 2025, this measure had moved to -1.4%, signaling a significant improvement in the fiscal balance over a short period.

The move from 3.2% to -1.4% suggests a notable strengthening of Italy’s public finances toward the end of 2025, marking a key development for investors and policymakers tracking the country’s fiscal trajectory.