Rises to 3.7% deficit-GDP ratio in the first nine months. But improve … – Il Sole 24 Ore

Rises to 3.7% deficit-GDP ratio in the first nine months. But improve … – Il Sole 24 Ore

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This article was published on January 9, 2015 at 10:55.
The last change is the January 9, 2015 at 15:37.

Salt government net debt in relation to GDP in the third quarter of 2014 was 3.5% (+ 0.2% over the same period of 2013), in the first three quarters of 3.7% (+ 0.3%). But also increases the income and purchasing power of households (+ 1.9%), who return to save. Detects Istat in the two surveys released today: the quarterly income statement and analysis of government income and household savings in the third quarter.

Positive balances and current primary
In the third quarter of 2014, the primary balance (debt, net of interest expense) was positive for 3 billion euro, with a percentage of GDP by 0.8% (-0.5% compared to the the third quarter of 2013. Positive for 616 million also the current balance: the impact on GDP was 0.2% (+ 0.1%). Overall, in the nine months, the current account balance relative to GDP fell by 0 , 4% (from -0.2% in 2013).

Output up 0.8%
The third quarter 2014 saw slightly increase the total output, rose in trend terms by 0.8%, with a ‘impact on GDP of 48% (it was 47.4% in the same period of 2013). Current expenditure rose by 0.2% (+ 1.2% net of interest payments) has weighed the decline compensation of employees, other current expenditure and interest passibi (-7.8%). The capital outlays grew by 8%, because of the new criteria for registration of tax credits claimed by businesses. In first three quarters of 2014, the total expenditure amounted to 48.7% of GDP, unchanged from 2013.

Pressure tax: 0.7% in third quarter
In the third quarter of 2014, total revenue increased, in trend terms, by 0.4%. As a percentage of GDP (44.5%) rose by 0.4% compared the third quarter of 2013. The current revenue, in particular, rose by 0.3% mainly due to the increase in indirect taxes (+ 2.2%). In the first three quarters of 2014, total revenue declined however, in terms of trend, with an incidence of 0.3% of GDP by 45% (45.3% in the corresponding period of 2013). The tax burden, meanwhile, rose slightly in the third quarter it was 40.9%, up 0.7% over the previous year. In the three quarters, however, was equal to 40.7%, a decrease of 0.2% compared to 2013.

The families date back to china
It should be better in terms of families. In the third quarter revenue rose by 1.8% in current values ​​from the previous quarter and 1.4% compared to 2013. The purchasing power grew by 1.9% over the previous quarter and of ’1.5% compared to 2013. No changes have been the final consumption expenditure but compared to the same period last year increased slightly (+ 0.4%). To underline the propensity to save (the ratio of gross saving and gross disposable income) that, seasonally adjusted, was 10.8% in the third quarter, up 1.6% on the quarter and 0, 9% on the year. It is the highest level since the third quarter of 2009.

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