In June 2010, the surplus of the state sector, set on a provisional basis, amounted to approximately € 4,300 million. In June 2009, the surplus amounted to € 6,208 million.
In the first half of 2010, the overall borrowing requirement amounted to approximately € 45,800 million, an improvement of approximately € 4,200 million over the 2009 amount in the corresponding period, which amounted to € 50,015 million.
COMMENT
There has been an overall positive trend of revenue from taxes, including those arising from self-assessment. This has been offset by the absence of the extraordinary revenue generated last year - already accounted for and therefore deducted from estimates - from the realignment of balance sheet items in compliance with IAS principles.
Like last year, the month of June 2010 was impacted by the deferment of the tax payment due dates applicable to taxpayers subject to the statistics-based tax assessments ("studi di settore").
The month's balance also benefited from the increased revenue from profits and dividends.
As for payments, the month's balance recorded lower charges from interest on public debt, compensated by payments that in 2009 had been deferred to the month of July.