The data on growth does not change, but oxygen is the improvement of the deficit / GDP ratio in 2013 stood at 2.8% and the debt / GDP in 2013 from 132.6% to 127 , 9%. Good news also for the respect of the commitments made in Europe
Rome The new European system of national accounts, the so-called Sec 2010 offers good news for the Italian economy. Compared to figures released in March 2014 calculated on the basis of the ‘old’ system of national accounts – the Sec 95 – the level of nominal GDP for 2013 was revised upwards by 3.8%. Numbers scream, that the economy of our country has not seen in years. This was reported by ISTAT. However, the GDP in 2013 (the growth rate) is still to -1.9%. But the picture is changing the structure of the budget and therefore the credibility of Italy by the EU, including compliance with the parameters signed in Brussels.
With the new system of calculation – which includes, for example, corruption, black market and other illegal income – the deficit / GDP ratio in 2013 was 2.8%. The improvement is noticeable compared to the estimate published in April which was at a deficit of 3.0%. Given this, more than good for the government Renzi, who will now be able to talk with more light-hearted Brussels and carrying a given definitely positive.
The Mayor states that the primary surplus (net debt to less spending interest) expressed as a ratio to GDP is now 2.0%, with a downward revision of 0.2 percentage points compared to the estimate with the old method of calculation.
Good numbers also in terms of debt public: the 2013 re-calculated by ISTAT, stood at 127.9% of GDP from 132.6% calculated under the old system.
Also good for the tax burden: in 2013 was revised in down by 0.5 percentage points, from 43.8% to 43.3%. Compared to the new level of 2012, equal to 43.2%, the tax burden is increasing fractional.
The rates of change of GDP for recent years have suffered the other hand, explains the istat, revisions very contained. In particular, the rate of change of the GDP volume in 2013 was identical to the one estimated in March 2014; that relative to 2012 was revised upwards from -2.4% to -2.3%.
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