"The growth in household disposable income (+0.8%), accompanied by particularly strong growth in consumer prices in the same quarter, led to a significant decrease in purchasing power (-3.7%). of expenditure for final consumption (+3% in nominal terms) was therefore accompanied by a marked decline in the savings rate".
So Istat commenting on the quarterly data on household income and savings for the fourth quarter of 2022.
In the fourth quarter of 2022 "the tax burden was 50.5%, down by 1 percentage point compared to the same period of the previous year".
Istat communicates it in the data on the quarterly accounts of the Public Administrations.
In the fourth quarter of 2022, the deficit/GDP ratio worsens by 0.7 percentage points.
Istat communicates it by distributing the data on the quarterly accounts of the PAs.
Exactly in the period under review, the net debt of the PAs in relation to GDP was equal to -5.6% (it was -4.9% in the same quarter of 2021).
Instead, the primary balance improved by 0.5 percentage points (i.e. debt net of interest expense), this was negative, with an impact on GDP of -0.7% (-1.2% in the fourth quarter of 2021).
The current balance was positive, with an incidence on GDP of 1.3% (3.2% in the fourth quarter of 2021).