Italy wants more public debt in domestic hands -economy minister

ROME, Oct 31 - Italy wants domestic investors to hold an increasing amount of the government's debt, Economy Minister Giancarlo Giorgetti said on Tuesday, as Rome seeks to limit the impact of future global crises on the country.

"That is part of a broader strategy aimed at placing the main part of the public debt within our country, as it should be," he said. To further boost domestic holdings, Rome's 2024 budget includes a measure to partly discount government bond income from the ISEE, a wealth indicator that determines access to welfare benefits under government means testing.

A government document seen by Reuters showed the measure would increase annual spending by 44 million euros starting in 2024, as state subsidies rise when more people become eligible for them.

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