The government debt rose in June to 2.1 billion, to 2.1684 trillion. The notes to the Bank of Italy in the Supplement to the Statistical Bulletin “Public Finances, borrowing requirement and debt.” “The increase of 13.0 billion of cash and cash equivalents of the Treasury (€ 105.3 billion at the end of June, 76.3 in June 2013) more than offset the surplus of 10.3 billion of government – writes Bankitalia -; the issuance of securities at a premium, the appreciation of the euro and the effects of the revaluation of inflation-linked BTP (Btpi) have limited the increase in debt of 0.6 billion. With reference to the breakdown by sub-sector, the central government debt increased by € 5.6 billion, the local government has declined to 3.6 billion; the debt of social security institutions has remained largely unchanged. ”
“In the first six months – report Bankitalia – the national debt has increased by 99.1 billion, reflecting the general government borrowing requirement (36.2 billion) and an increase in cash and cash equivalents of the Treasury (67 , 6 billion). The issuance of securities at a premium, the appreciation of the euro and the effects of the revaluation of Btpi have contained the increase in debt of 4.8 billion. On demand in the first half accounted for 4.3 billion of financial support to euro area countries. Overall, the share of the Italian financial support to the countries of the area was equal to the end of last June to 59.9 billion. Tax revenue is accounted for in the state budget in June totaled $ 42.7 billion, a decrease of 7.7 percent (3.5 billion) compared to the same month of 2013 In the first six months of the year the revenues are decreased by 0.7 per cent (1.3 billion); taking into account a lack of homogeneity in accounting for some collections, the reduction in tax revenue would have been more pronounced. “
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