Archived June, it's time for half-yearly statistics for the Italian economy. And the early news is not good. In the first six months of the year, the state sector recorded a positive balance of 1,3 billion euros, approximately 2,4 billion less than the surplus recorded in the same period last year, when the figure had reached 3,729 billion. The news was released by the Ministry of the Economy, which explained the decline with "reasons of temporal misalignment" of tax revenues.
As for borrowing requirements, the first half of 2011 recorded a figure of 43,5 billion, approximately 2,8 billion less than in the January-June period of 2010, when 46,361 billion had been reached. “The surplus for the month was affected by the postponement of tax payment terms by natural persons – reads the note from the Treasury – not limited to taxpayers subject to sector studies, unlike what happened in 2010. The negative impact on the balance for the month was however partly offset by lower interest on the public debt and by a limited dynamics of payments, in particular for the territorial administrations”.
