At theend of November 2011 the overall State sector borrowing requirement wasrecorded at around 69,300 million euros, about 8,600 million less than the sameperiod in 2010, which was equal to 77,932 million euros. On a comparable basis,net of the allocation for the financial support to Greece, which today isaround 5,000 million euros compared to circa 4,000 million during the sameperiod of last year, the requirement for 2011 thus improved by circa 9,600 millioneuros.
Themonthly State sector borrowing requirement for November 2011 settled, temporarily,at around 8,500 million euros, compared to the 4,871 million of November 2010.
Comment
TheState sector borrowing requirement for November 2011, which on the income side stillregisters a positive evolution of internal revenue, continues to be in line withthe foreseen payments schedule, but respect to the same month of last year therehas been a greater concentration of disbursement on the part of State administrations,including those in favour of the European Union, as well as a more consistent burdenfor interest.
Takinginto consideration the trend of the State sector's cash accounts recorded as oftoday, it is thought that the yearly State sector borrowing requirement may be belowthe latest official forecast, of 64,800 million euros.