Tax burden increased to 43.5% in 2014, the deficit / GDP to 3% – Il Sole 24 Ore

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This article was published April 2, 2015 at 10:38.
The last change is the April 2, 2015 at 15:11.

The tax burden in 2014 was 43.5%, an increase of 0, 1 percentage points over the previous year. In the fourth quarter of 2014, the tax burden was 50.3% (in this case an increase of 0.1 percentage points compared to the same quarter of 2013). Net debt of the general government in relation to GDP (raw data) was 2.3% in the fourth quarter of 2014 and 3% for the full year. This was communicated by Istat. In Def that the government is finalizing will be shown a deficit / GDP to 2.6% this year and 1.8% in 2016.

Istat: fourth quarter fiscal pressure rises to 50 , 3%
Istat announced that in the fourth quarter of 2014, the tax burden rose to 50.3%, therefore, an increase of 0.1 percentage points compared to the same quarter of 2013 (50 , 2%), while in the whole 2014 was confirmed at 43.5%, also increasing by 0.1 percentage points over the previous year (when it had stood at 43.4%).

MEF: effective tax rate to 43.1%
On this point the MEF in a statement noted, however, that the bonus of 80 euro by reducing the “tax wedge” ie the difference between the cost incurred by the employer and the net pay in payroll, while reducing the weight Irpef and is not classified as a reduction of the tax burden by ISTAT but as “social spending”. Reading the measure in terms of concrete effect to the salary of the worker concerned, then lower taxes and more money in your paycheck, the effective tax rate for 2014 “can then be estimated in 43.1% of GDP, down both against 43.4% in 2013 to 43.5% in 2012. “

Deficit-GDP fourth quarter of 2014 rose to 2.3%. To 3% in 2014
On the rise, according to ISTAT, even the deficit-GDP in the last quarter of 2014. The net debt of the general government in relation to GDP (raw data) is was 2.3%, being 1.1 percentage points higher than in the corresponding quarter of 2013. The previous three quarters of 2014 have been revised to improve. And overall 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%).

Public Accounts: outputs + 2.6% in the fourth quarter, revenue up 0.8%
They increase the income and expenses in the fourth quarter of 2014. The outputs totals have increased, in trend terms, by 2.6%; their proportion to GDP was 57.6% (56.1% in the corresponding quarter of the previous year). Current expenditure increased by 2.3% and capital expenditure by 6.6%. Total revenues 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.

Interest Expense fourth quarter 2014: -4.6%
The interest expenses in the fourth quarter of 2014 has instead resulted in decrease of 4.6% over the same quarter of 2013, from around 20.7 billion euro to approximately 19.7 billion euro.

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