New record of the public debt in August. The data indicates the Bank of Italy, amounted to 2,734.4 billion, an increase of 8.5 billion compared to the previous month. The cash surplus of general government (10.7 billion), he explains via Nazionale, was more than offset by the increase in cash and cash equivalents of the Treasury (€ 18.9 billion, € 139.7) and the effect of spreads and premiums on issue and redemption, the revaluation of inflation-linked securities and the change in exchange rates (€ 0.4 billion).
The debt and the needs of public administrations they also include the portion of pre-financing relating to loans disbursed by the European Commission on 13 August as part of the Shooting and resilience device (Recovery and Resilience Facility, Rrf; 15.9 billion). At the end of the month, the loans (Sure and Rrf) disbursed by European institutions to our country totaled 43.4 billion.
With reference to the breakdown by sub-sectors, the debt of Central administrations increased by 9.0 billion, while that of Local administrations it decreased by 0.5 billion; the debt of the Entities pension scheme remained stable. Compared to the previous month, the share of the debt held by Bank of Italy it grew slightly (from 23.4 to 23.5 per cent); the average residual life increased to 7.6 years.
As for the enter, in August those accounted for in state balance amounted to 44.9 billion, a slight increase (0.6 per cent; 0.3 billion) compared to the corresponding month of 2020. In the first eight months of 2021, tax revenues amounted to 288.2 billion, in an increase of 11.5 per cent (29.8 billion) compared to the same period last year. In addition to the more favorable macroeconomic framework, he says Bank of Italy, this increase reflects the effect of some extraordinary factors, including the slippage of some taxes pertaining to 2020.
However, based on the World Economic Outlook presented at the meetings IMF/World Bank, the public debt Italy will drop in 2021 to 154.8% of GDP compared to 155.8% in 2020, also reducing next year to 150.4%, reaching 146.5% in 2026: a result achieved through the growth of GDP, since the deficit it is expected to increase from 9.5% in 2020 to 10.2% this year and 4.7% in 2022 (to 2.4% in 2026). There Nadef of the Government expects a debt of 153.5% of GDP this year and 149.4% the next.