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This article was published on December 15, 2014 at 10:57.
The last change is the December 15, 2014 at 11:07.
The public debt rose in October to 23.5 billion, rising to a height of 2,157, 5 billion. A result that is still below the record of 2.16875 trillion reached in June 2014. These are the findings from the report “Public Finances, borrowing requirement and debt” of the Bank of Italy. The scoreboard shows also that the tax revenues, also in October, totaled 28.5 billion, a decrease of 2.7 per cent (0.8 billion) compared to the same month of 2013. In the first ten months of the year revenue remained essentially unchanged instead.
Public debt increases to 2.1575 trillion in October
The government debt is thus increased in October to 23.5 billion, to 2.1575 trillion (compared to 2.134 billion in September). The increase reflects the need for 6.6 billion of government and 17.8 billion increase in cash and cash Treasury. Overall, the issue of securities at a premium, the appreciation of the euro and the effects of the revaluation of the inflation-linked BTP (BTPi) contained the increase in debt of 0.8 billion.
Increase in central government debt
With reference to the breakdown by sub-sector, the central government debt increased by € 25.0 billion, the local government has decreased by 1.5 billion, while the debt of social security institutions remained essentially unchanged.
Tax revenue: -2.7% in October, stable in the first 10 months
Also from the supplement to the Statistical Bulletin devoted to public finance, that tax revenues accounted for in the state budget amounted to 28.5 billion in October, down 2.7 per cent (0.8 billion) compared to the same month of 2013. In ten months revenues remained essentially unchanged (at 307.722 billion). But, taking into account a lack of homogeneity in the accounting of some collections, the dynamics of tax revenues would have been less favorable.
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