In the second quarter of 2011, public administrations' net indebtedness as a ratio of GDP was 3,2% against 2,5% in the same quarter of 2010 and therefore marked a worsening trend of 0,7%. This is what emerges from the data released by Istat. In the first half of the year, on the other hand, a ratio between net debt and GDP of 5,3% was recorded, thus highlighting an improvement of 0,1% compared to the same period last year.
The primary balance, ie debt net of interest expense, reached 8,236 billion euros (+9.025 million euros in the same quarter of 2010). In the first six months of 2011 there was a negative primary balance equal to 0,6% of GDP, with an improvement of 0,4% compared to the same period of 2010. The current balance (savings) was -1,373 million euro (-854 million euro in the same period of the previous year), with a negative impact on GDP of 0,3%.
In the second quarter of this year, total revenues increased, on a trend basis, by 0,1% and their incidence on GDP was 44,9%, showing a decrease compared to the corresponding quarter of 2010. The incidence total revenue to GDP ratio was 42,8%, against 43% in the same period last year.
