(AGI) – In October, the government debt has climbed touching 2.157 billion (€ 2.134 billion to 2.085 billion in September and October 2013).
The result is still below the record reached last June. The increase, says the Bank of Italy in the bulletin “Finance, borrowing requirement and debt” reflects 6.6 billion the government borrowing requirement and to 17.8 billion increase in cash and cash Treasury. The issuance of securities at a premium, the appreciation of the euro and the effects of the revaluation of the inflation-linked BTPs (BTPi), emphasizes Via Nazionale, have contained the increase in debt of 0.8 billion in October and 8.4 billion in the first 10 months of the year. With reference to the breakdown by sub-sector, the central government debt increased by 25 billion, the local government has decreased by 1.5 billion, while the debt of social security institutions remained essentially unchanged. In the first ten months, the p ublic 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). 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. 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. As for tax revenues, totaled 28.5 billion, a decrease of 2.7 per cent (0.8 billion) compared to the same month of 2013. In the first ten months of the year revenues have remained substantially unchanged.
December 15, 2014 11:23 – Last Updated: 12:02
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