In May the Italian public debt it increased by 33,4 billion from the previous month, reaching a new all-time high at 2.074,7 billion. The increase is mainly linked to the increase of 20,4 billion in liquid assets of the Treasury (which reached 62,4 billion, against 35,8 in May 2012) and to the needs of public administrations of the month (11,5 billion). Bankitalia communicates it in the Supplement "Public finance, requirement and debt".
In the first five months of the year, the increase in debt (86,1 billion) reflects the general government requirement (58,1 billion) and the increase in Treasury liquidity (28,0 billion). As for tax revenues, they amounted to 30,1 billion in May, down 2,2% (0,7 billion) year on year (30,8 billion).
Also in May, on the front of foreign trade, Istat has detected a small increase for export (+0,6%) and a decrease for the import (-0,9%) on a monthly basis. On the other hand, in the annual comparison, the drop in exports was 1,5%. Finally, in the last quarter, there was a cyclical decline both for exports (-0,5%) and, to a greater extent, for imports (-3,1%).
The cyclical increase in exports in May 2013 is the synthesis of a significant increase in sales to non-EU countries (+3,2%) and a decrease to EU countries (-1,8%). Energy products (+15,0%) and capital goods (+3,6%) grew. The cyclical decrease in imports is more pronounced for purchases from non-EU countries (-1,6%) compared to EU markets (-0,5%). Only capital goods are growing (+2,2%).
In May 2013, the substantial trade surplus (+3,9 billion) was three billion higher than the surplus achieved in 2012. It is the result of a surplus with both non-EU countries (+3,0 billion) and EU countries (+0,9 .7,8 billion). Net of energy, the balance is positive for XNUMX billion.
