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Istat, deficit / GDP falls in the first quarter, tax pressure rises

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Enac and the Lazio Region sign a protocol on advanced air mobility (ANSA)

(ANSA) – ROME, JULY 05 – In the first quarter of 2022, the debt of public administrations on GDP fell markedly in trend terms due to the substantial increase in revenues, which more than offset the increase in expenditure. According to Istat, the tax burden stood at 38.4% of GDP, an increase of 0.5 percentage points compared to the first quarter of 2021. Overall, in the first quarter of 2022, the public administrations recorded debt net equal to -9.0% of GDP, an improvement compared to -12.8% in the corresponding period of 2021.

As for household disposable income, in the first quarter it increased by 2.6% compared to the previous quarter. However, due to the generalized increase in prices, purchasing power only increased by + 0.3%.

Households’ propensity to save was 12.6%, an increase of 1.1 percentage points compared to the previous quarter, against a weaker growth in final consumption expenditure than that of disposable income (+1, 4% and + 2.6% respectively). (HANDLE).

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Source: Ansa

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