Improve the Deficit-GDP ratio.
In the third quarter of 2022, the net debt of public administrations as a ratio to GDP
was -4.7% (-6.2% in the same quarter of 2021)
.
While the primary balance (debt net of interest expense) was negative, with an impact on GDP of -0.7% (-2.8% in the third quarter of 2021).
This was announced by Istat in the data on the quarterly accounts.
In the same period, however, the tax burden rose to 42.7%,
an increase of 1.9 percentage points compared to the same period of the previous year.
Istat certifies it by releasing third quarter data on household accounts.
The income of consumer households
increased in nominal terms by 1.9% compared to the previous quarter,
while final consumption grew by 4.1%
.
Istat certifies it in the quarterly accounts, underlining that "the propensity to save of consumer families is estimated at 7.1%, down by 1.9 points compared to the previous quarter".
And it has "dropped to lower levels than in the pre-covid period".
The purchasing power of households, held back by the growth in prices (+1.6% growth in the implicit consumption deflator), nevertheless grew on the previous quarter by 0.3%.
