Public finances are deflating. And the first positive numbers arrive for the recovery of the state budgets. According to what was declared by the Ministry of the Economy, in the first eight months of the year the total requirement of the State was 33,5 billion. There is a clear reduction compared to 47,1 billion in the same period last year.
Furthermore, the Treasury points out, in August the state sector borrowing requirement amounted, on a provisional basis, to approximately 6 billion, down compared to 6,9 billion in the same month of 2011 thanks to "lower interest on the debt and a good trend in tax revenues".
