Italian public debt falls. In August, public administration debt amounted to 2.279,2 billion, a figure that represents a decrease of 21,3 billion compared to the previous month.
This was communicated by the Bank of Italy, specifying that the decrease reflects the drop in liquid assets of the Treasury (-22,2 billion, to 63,4; they were equal to 64,6 billion in August 2016), to a small extent offset by the general government borrowing requirement (€0,5 billion) and the effects associated with the spreads and premiums on issue and redemption, the revaluation of inflation-linked securities and the appreciation of the exchange rate (overall equal to €0,4 billion ).
As regards the sub-sectors, central government debt decreased by 21,1 billion; while both the debt of local administrations and that of social security institutions decreased by 0,1 billion.
Again in August, tax revenues recorded in the state budget amounted to 45,5 billion, 11,5 billion more than those recorded in the same month of 2016. The increase, explains Bankitalia, "reflects, among other things, the postponement of the deadlines relating to self-assessment”. In the first eight months of 2017, on the other hand, they amounted to 278,6 billion, an increase of 3,2% compared to the corresponding period of 2016. "Net of some temporal and accounting differences, the increase in revenue would be more contained" , it is read.
