(Telestock) – Last June thePublic administration debt has increased by 30.3 billion compared to the previous month, amounting to 2,948.5 billion. The increase reflects the need of the public administrations (15.3 billion), the growth of the liquidity of the Treasury (13.5 billion, to 45.4), as well as the effect of the discounts and premiums on issuance and reimbursement, the revaluation of inflation-indexed securities and the change in exchange rates (1.4 billion). This is shown in the latest report of the Bank of Italy on “Public finance: need and debt”.
With reference to the distribution by sub-sectors, Central government debt increased by 30.4 billion, while local government debt decreased by 0.1 billion. Social security debt remained virtually unchanged.
The average residual life decreased slightly to 7.7 years, from 7.8 in the previous month. The share of debt held by the Bank of Italy decreased to 23.1 percent (from 23.3 in the previous month), while in May (the last month for which this data is available) that held by non-residents stood at 28.9 percent (from 28.8 percent in the previous month) and that held by other residents (mainly households and non-financial businesses) at 14.3 percent (from 14.1 percent in the previous month).
Also in the month of June, tax revenues accounted for in the State budget amounted to 42 billion, an increase of 9.9 percent (3.8 billion) compared to the corresponding month of 2023. In the first half of 2024, tax revenues amounted to 248.8 billion, an increase of 7.5 percent (17.5 billion) compared to the same period last year.