(Finance) – In 2021 the net debt of Public Administrations (-128,902 million euros) was equal to -7.2% of GDP, down by approximately 28.7 billion compared to 2020 (-157,645 million euros, corresponding to -9.5% of GDP). The primary balance (net debt net of interest expenses) was negative and equal to -3.7% of GDP, with an improvement of 2.4 percentage points compared to 2020. Interest expenditure, which according to current rules accounting does not include the impact of swap transactions, was equal to 3.6% of GDP, showing a slight growth compared to 2020. At the end of 2021, public debt, measured gross of liabilities associated with financial support interventions in favor of Member States of the EMU, amounted to 2,678,098 million euros (150.3% of GDP). Compared to 2020, the ratio of PA debt to GDP decreased by 4.6 percentage points. This is what theIstat which published the main data of the Notification on net debt and public administration debt (PA), referring to the period 2018-2021, sent to the European Commission in application of the Protocol on the Excessive Deficit Procedure (Pde) annexed to the Maastricht Treaty.
Under the Protocol, i European countries must report the levels of net debt twice a year (by March 31 and September 30), public debt and other public finance figures relating to the previous four years, as well as the official forecasts of the same for the current year. No reservations were expressed on the notification sent by Italy.