In October 2022, the state sector shows a requirement of approximately 7,3 billion

In October 2022 the balance of the state sector closed, provisionally, with a requirement of 7.250 million, a slight improvement compared to the corresponding value of October 2021, which had closed with a requirement of 7.506 million. The borrowing requirement for the first ten months of the current year is approximately 56.500 million, an improvement of approximately 36.800 million compared to that recorded in the corresponding period of last year (93.299 million). On the website of the Department of General State Accounting, the definitive figure of the balance of the state sector for the month of September 2022 is available.

Comment

In comparison with the corresponding month of 2021, the improvement in collections is largely due to the growth in tax collections attributable to the positive dynamics of contributions and VAT.

On the payments side, there are: higher withdrawals by the Social Security Institutions for the disbursement of the Single and Universal Check and for the advance to 2022 of the adjustment of the revaluation of pensions; higher spending by Central and Territorial Administrations, to which the transfer to the CSEA of 1.000 million envisaged by Law Decree 80/22 contributes to the elimination, for the third quarter of 2022, of the rates relating to general system charges applied to domestic and non-domestic users .

Spending on interest on government bonds increased slightly by approximately 230 million compared to the same month of the previous year.

In October 2022, the state sector shows a requirement of approximately 7,3 billion

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