In June the debt with Public administrations hits yet another record as it increased by 30,3 billion compared to the previous month, resulting in equal to 2.948,5 billion. The increase reflects the needs of the public administrations (15,3 billion), the growth of the Treasury's liquid assets (13,5 billion, to 45,4), as well as the effect of haircuts and premiums on issuance and redemption , the revaluation of inflation-linked securities and the change in exchange rates (1,4 billion). He reports it Bankitalia in the statistical publication “Public finance: needs and debt”.
Bank of Italy, new public debt record in June
With reference to the breakdown by subsector, the debt of Central administrations è increased by 30,4 billion, while that of local administrations decreased by 0,1 billion. The debt of social security institutions remained virtually unchanged. The average residual life decreased slightly to 7,7 years, from 7,8 in the previous month.
The share of debt held by the Bank of Italy decreased to 23,1 percent (from 23,3 in the previous month), while in May (the last month for which this data is available) that held by non-residents stood at 28,9 percent (from 28,8 percent in the previous month) and that held by other residents (mainly families and non-financial businesses) at 14,3 percent (from 14,1 percent in the previous month).
Bank of Italy, tax revenues in June +9,9%
Also in June tax revenue accounted for in the state budget were equal to 42 billionin 9,9 percent increase (3,8 billion) compared to the corresponding month of 2023. In the first half of 2024, tax revenues amounted to 248,8 billion, an increase of 7,5 percent (17,5 billion) compared to the same period of last year.
