ROME – In 2014 the ratio of deficit to GDP was 3.0%, up 0.1 percentage points compared to that of 2013 (when it stood at 2.9%). This was communicated by Istat. The data is explained by Statistics are “aligned with those sent with the notification” to Eurostat. Spreading the data for the quarterly income statement of government, Istat stresses that “estimates of the aggregate quarterly behalf of the government are consistent with the financial statements transmitted to Eurostat on March 31, within the notification procedure in application of the Protocol on the excessive deficit procedure for. This version of the financial statements presents, compared to figures for 2014 disclosed last March 2, limited revisions due to the inclusion of new information that became available after the close of the first estimate. “
– In the fourth quarter of 2014 the net debt of the general government in relation to GDP (raw data) was 2.3%, being 1.1 percentage points higher than the corresponding quarter in 2013 . This was communicated by Istat. The previous three quarters of 2014 have been revised to improve. Moreover, in the fourth quarter of 2014 the primary balance (debt, net of interest expense) was positive and amounted to 10.132 million euro. The incidence dell’avanzo GDP was 2.4%, 1.2 percentage points lower than that recorded in the fourth quarter of 2013. The current balance in the fourth quarter of 2014 was positive and amounted to 2.319 million of euro with a percentage of GDP of 0.5% (1.2% in the corresponding quarter of the previous year).
– In the fourth quarter of 2014, the tax burden was 50.3%, up 0.1 percentage points compared to the same quarter of 2013 (50.2%). This was communicated by Istat, confirming that the entire 2014 amounted to 43.5%, also increased by 0.1 percentage points over the previous year (when it had stood at 43.4%).
– The interest expenses in the fourth quarter of 2014 was down 4.6% compared to the same quarter of 2013, from around € 20.7 billion to approximately 19.7 billion euro. E ‘as is apparent from Istat data
In the fourth quarter of 2014, the total expenditure increased, in trend terms, by 2.6%; their proportion to GDP rose to 57.6% (56.1% in the corresponding quarter of the previous year). This was communicated by Istat, adding that instead of the total revenue, always in the fourth quarter, increased, in terms of trend, with an incidence of 0.8% of GDP of 55.3%, up 0.5 percentage points compared to the same quarter of 2013 (54.8%). Current expenditure – is also know ISTAT – recorded, again in the fourth quarter of 2014, a trend increase of 2.3%, resulting from a reduction of 0.8% of the income from employment, 4.6% of interest expense and increases of 3.8% of intermediate consumption, 3.5% of social benefits in cash and 7.3% of other current. The capital outlays grew by 6.6% in trend terms, following increases of 3.6% in gross fixed investment and 12.3% of other capital outlays. Current revenues in the fourth quarter of 2014 have recorded a trend increase of 1.0%, due to a decrease of 2.8% in direct taxes and increases of 5.0% in indirect taxes, by 1.0 % of social contributions and 5.6% of other current revenues. The capital revenue decreased by 9.2%. Overall, in 2014 the ratio of total expenditure to GDP was 51.1% (50.9% in 2013). Again in 2014, the incidence of total revenue to GDP was 48.1% (+0.1 compared to 2013)
Taking into account inflation, the power d ‘purchase of consumer households in 2014 remained unchanged. In the fourth quarter of 2014 fell 0.5% from the previous quarter and increased by 0.8% compared to the fourth quarter of 2013. This was communicated by Istat. In 2014, the propensity to save of households was 8.6%, down 0.3 percentage points from the previous year. This was communicated by Istat, adding that even in the fourth quarter of 2014 was 8.6%, down 0.5 percentage points from the previous quarter and an increase of 0.2 percentage points compared to the same quarter of 2013. In 2012, the propensity to save had fallen to 7%. (
In 2014, the disposable income of households in current values increased by 0.2%. This was communicated by Istat, by informing that in the last quarter of 2014 decreased by 0.4% from the previous quarter and increased by 0.8% compared to the same period of 2013.
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