Public accounts, the deficit rises to 3.5% of GDP in the third quarter – The Messenger

Public accounts, the deficit rises to 3.5% of GDP in the third quarter – The Messenger

Increase the net indebtedness of Italian public administrations in relation to GDP. According to the latest survey by Istat, in the third quarter, the deficit / GDP ratio was 3.5%, 0.2 percentage points higher than in the corresponding quarter of 2013.

In the first three quarters of 2014, Instead, there was a ratio of net debt to GDP of 3.7%, a decrease of 0.3 percentage points compared to the same period last year.

Also in the third quarter, primary balance (debt, net of interest expense) was positive while the tax burden was 40.9%, up 0.7 percentage points over the same period last year (down 0.2 percentage points 40.7% in the first three quarters of 2014).

 January 9, 2015 10:36 – Last Updated: 14:14

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