Tax burden rises to 37.1% Q1

Increase of 0.8 points in year, deficit improves

By: ansa.it

Jul 02 2024
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In the first quarter of the year, the tax burden was 37.1 per cent in the first quarter of the year, up 0.8 percentage points from the same period last year percentage points compared to the same period of the previous year, Istat said Tuesday.
    The stats agency said that the net borrowing of central government as a percentage of GDP improved to -8.8% (-11.6% in the same quarter of 2023).
    The primary balance (i.e. debt net of interest debt) was negative, with a ratio to GDP of -5.3% (-8.5% in the first quarter of 2023).