It dates from the public debt, stable revenues – The Press

It dates from the public debt, stable revenues – The Press

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It dates from the public debt, stable revenue

The bulletin of the Bank of Italy: a + 23.5 billion in October, reached 2,157 fee. Recessed exchequer down 2.7 percent from the same month of 2013

The governor of the Bank of Italy, Ignazio Visco

12/15/2014

Continued growth of public debt rose in October to 23.5 billion, to 2.1575 trillion. The increase reflects 6.6 billion the government borrowing requirement and to 17.8 billion increase in cash and cash Treasury. Detects Bankitalia in the Supplement to the Statistical Bulletin devoted to public finance. Held at the same time, despite the marked decline in October last year, tax revenue cash.

In the supplement, it notes that 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 debt to 0.8 billion. 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; the debt of social security institutions remained essentially unchanged.

In the first ten months – remarked Bankitalia – the public debt increased by 87.7 billion, reflecting the general government borrowing requirement (64.4 billion) and the increase in cash and cash equivalents of the Treasury (31 , 7 billion). Overall, the issue 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 8.4 billion. On the needs of the first ten months accounted for 4.7 billion (11.7 billion in the corresponding period of 2013) the financial support to the countries of the euro area [1]. Overall, the share of the Italian financial support to the countries of the area stood at the end of last October to 60.3 billion.

In terms of tax revenue, those 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 the first ten months of the year revenues remained essentially unchanged; 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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 12/15/2014

 

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