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Public accounts: declining debt, tax revenues +1,17%

According to Bank of Italy, between October and November public administration debt fell from 1.909 to 1.905 billion euro - The Treasury: in the first 11 months of 2011 tax revenues amounted to 330,592 billion.

Public accounts: declining debt, tax revenues +1,17%

Slight drop for the Italian public debt, which in November settles on 1.905,012 billion euros, against 1.909,198 billion in October. This was communicated by the supplement to the statistical bulletin of the Bank of Italy on public finance.

From the Treasury they then let it be known that in the first 11 months of 2011 tax revenues have risen to 330,592 billion euros, an increase of 1,17% compared to the 326,761 billion of the same period of 2010.

Direct taxes, explains the Treasury, between January and November they marked a decrease of 1,5% (-3,041 billion) compared to the same period of 2010, mainly due to the slowdown in IRE, whose revenues suffered a drop of 0,2 % (-229 million). IRES revenue falls from 36,464 to 35,550 billion.

indirect taxes on the other hand, they recorded an increase of 2,9% (+4,627 billion) compared to January-November 2010, "providing the greatest support to revenue growth". VAT revenue increases by 1,8% (+1,801 billion), largely driven by the component relating to the levy on imports (+20,6%, equal to +2,714 billion), which reflects the rise in energy prices .

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