Bank of Italy, debt Pa revised upward in 2015: in February rises to 2.215 billion. Entate tax + 3.4% – Il Sole 24 Ore

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This article was published April 15, 2016 at 11:06.
the last change is the April 15, 2016 at 11:25 hours.

a growing public debt in February, as tax revenues. The general government debt rose in February to 21.5 billion share touching 2.2149 trillion. Tax revenue accounted for in the state budget amounted to 27.5 billion, an increase of 3.4% (0.9 billion) compared with the same month last year. The findings of the Supplement of “Public Finance” to the statistical bulletin of the Bank of Italy, which shows also an upward revision of the debt / GDP ratio in 2015 (from 132.6% to 132.7%).

Bank of Italy: in February Pa debt rises to 2.2149 trillion
in February, the general government debt is thus increased by 21.5 billion from the previous month, brewing at an altitude of 2.2149 trillion. The increase in Pa debt reflects, in addition to the requirements of the month (10.8 billion), the increase in Treasury cash and cash equivalents (11.2 billion, 74.7 billion). In the opposite direction they have worked (for a total of 0.5 billion) issue of securities at a premium and revaluation of securities indexed to inflation. With reference to the breakdown by sub-sectors, the central government debt increased by 21.2 billion, the local government of 0.2 billion; the social security institutions remained essentially unchanged

Revised data debt to 132.7% of GDP in 2015 from 132.6%
The Bank of Italy has revised the 2015 debt upwards of 1.8 billion (0.1 percentage points of GDP) from 132.6% to 132.7% of GDP. A large part of the revision reflects the classification within the perimeter of the Public Administration of the National Resolution Fund, whose liabilities were included in the public debt, says the Bank of Italy in the Supplement “Public Finances, borrowing requirement and debt”. The figure for 2015 was issued on 15 March.

Tax revenues in February to 27.5 billion
According to the Bank of Italy bulletin tax revenues accounted for in the state budget in February totaled 27.5 billion, an increase of 3.4% (0.9 billion) compared with the same month last year. In the first two months of the year, tax revenue increased by 6.6 per cent (3.8 billion), reaching 61.8 billion. Part of the increase reflects accounting inconsistency concerning the proceeds of VAT and withholding personal income tax.

Def: debt / GDP to 132.4% in 2016
According to Def launched last April 9 by the CDM the debt / GDP ratio will fall at a faster rate slower than expected: in 2016 is expected to decline to 132.4% (no longer at 131.4%) and 130.9% in 2018. Several of the IMF estimates according to which the public debt in relation to GDP will reach this ‘year in Italy 133% and then declined to 131.7% in 2017

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