Bank of Italy, public debt in February to 2.215 billion share, tax revenues at 27.5 – The Messenger

The general government debt rose in February to 21.5 billion share touching 2.2149 trillion. The findings of the Supplement to “Public finance” the statistical bulletin of the Bank of Italy. The increase reflects, in addition to the requirements of the month (10.773 billion), the increase in Treasury cash and cash equivalents (11.2 billion, 74.7). In the opposite direction have operated for a total of 0.5 billion, the issuance of securities at a premium and revaluation of securities indexed to inflation.

The tax revenues accounted for in the state budget to February were instead equal to 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 inhomogeneity accounting concerning the proceeds of VAT and withholding personal income tax. The findings of the supplement public finance of the statistical bulletin of the Bank of Italy.

In February, the increase in debt is as a result of 2% compared to the level marked in February 2015 , when it stood at 2.17 trillion. But we are not yet at an all-time record. In 2015 May, the debt had touched 2.219 billion. 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.
 

 04/15/2016 10:37:31

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