(Finance) – The Italian tax and contribution revenues have recorded a significant increase in the first half of 2024marking an overall growth of 13.113 billion euros, equal to a 3.4% increase compared to the same period in 2023. This data was communicated by the State General Accounting Officewho underlined how the observed dynamics is the result of a double contribution: a increase in tax revenues of 10.973 billion euros (+4.2%) and one growth in contribution revenues, in terms of cash, of 2.140 billion euros (+1.7%).
However, the Accounting Office has specified that the comparison with the same period in 2023 is not entirely homogeneous. This is because the ordinary deadline for the payment of the balance and the first advance payment of Irpef, Ires and Irap taxes for 2024 has been postponed on July 1st, due to the coincidence of June 30th with a Sunday.
The revenue of the taxes accounted for in the state budget grow by 10,168 million euros (+4.1 percent). Revenues from assessment and control activities are growing (+1,707 million euros, +31.2 percent). Revenues from local authorities are decreasing (-1,473 million euros, -5.2 percent). Corrective items – which reduce the revenues of the State budget – are decreasing by 571 million euros compared to the same period of 2023 (3.1 percent)
The tax revenues of local authorities, at the moment, the only ones that can be monitored on a monthly basis, in the period amount to 26,700 million euros and record a decrease compared to the corresponding period of the previous year (-1,473 million euros, -5.2 percent). The regional Irpef surcharge is increasing (+524 million euros, +9.4 percent), the municipal Irpef surcharge (+191 million euros, +9.1 percent). Irap revenues are decreasing (-2,254 million euros, -19.8 percent).
The growth of tax and contribution revenues is a positive signal for the Italian economy, highlighting a trend of recovery and financial stability, despite global and local economic challenges. The State General Accounting Office will continue to monitor the situation closely, especially in view of the second half of the year.