The net debt as a ratio of general government GDP in the third quarter of 2015 was equal to 2,4% from 2,9% for the corresponding period of 2014. This was communicated by Istat, specifying that these are raw data.
In the third quarter, total expenses increased by 0,5% year-on-year, while overall revenues increased by 1,5%.
The primary balance (debt net of interest expense) was positive, with an incidence on GDP of 1,5%, from 1,4% in the third quarter of the previous year.
La tax burden was 41,4%, an increase of 0,1 points compared to the same period of the previous year.
"The average of the first three quarters of 2015 recorded a ratio between net debt and GDP of 2,9%, with an improvement of 0,4 percentage points compared to the same period of the previous year", explains Istat.
The government aims to end 2015 with a deficit/GDP of 2,6%.
in 2014 the net debt to GDP ratio was 3% from 2,9% in 2013; the tax burden was 43,6%, an increase of 0,1 percentage points compared to the previous year.
