Benvenuto sul sito del Ministero dell’Economia e delle Finanze, conosciuto anche come Portale mef

Contenuto principale

- In June 2022 the State Sector working balance shows a borrowing requirement of 6 billion euros

Press release N° 128 of 07/01/2022

In June 2022 the State Sector working balance is provisionally estimated at Euro -6,000 million, with an improvement of about Euro 9,700 million in comparison to the corresponding month of 2021 (Euro -15,693 million).
In the first semester of the current year, the working balance is estimated at Euro -41,700 million, with an improvement of about Euro 43,000 million with respect to January-June 2021 (Euro -84,691 million). The updated estimate of the state working balance in May 2022 is available on the State General Accounting Department website.

Comment

Compared to the previous year, the improvement in the State working balance in June 2022 is mainly due to higher fiscal revenues. The increase in VAT and other indirect taxes, in social contributions and in local taxes have more than offset the reduction in excise duties on mineral oils.
On the expenditure side, the improvement in the working balance is also due to the phase out of the subsidies paid by the Revenue Agency in June 2021, while there has been an increase in payments by social security funds and for wage expenditure, including settlement for arrears and contract renewals for Central administration personnel. Central and local administration payments have also increased.

The interest expenditure on Government bonds has decreased by about Euro 140 million with respect to June 2021.

Rome 07/01/2022
IT