As part of its September revision of the national accounts data, Istat adjusted upwards its nominal GDP estimate for the two years 2016-17. Owing to these changes, in both years the debt-to-GDP ratio decreased by about 0.6 percentage points. 3  Public finance projections for 2019-2021  Current legislation scenario.
– The Update revises the net borrowing forecasts for the three years 2019-2021 in the current legislation scenario, raising them (compared with April’s DEF) by 0.4 percentage points for next year and by 0.7 points for each of the two years 2020-21.