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January 02, 2020 In December 2019, the state sector balance closed provisionally with a surplus of 9,700 million, a decrease of approximately 2,800 million compared to the same month last year (12,506 million). The needs of the state sector in 2019 amounted to 41,780 million, an improvement on the 45,218 million in 2018. The Mef announces this.

In comparison with the corresponding month of 2018, the balance benefited from higher tax collections, due to the proceeds relating to the second and last installment of 2019 of the facilitated definition of the tax collection documents as required by Legislative Decree 119 of 2018 (so-called Scrapping ter), and of the proceeds from the auctions of CO2 quotas, explains the MEF.

While the annual needs of 2019 benefited from higher tax and social security contributions, from higher profits and dividends than last year paid by the Bank of Italy and from the Cassa Depositi e Prestiti and by higher credits from the EU to the revolving funds; on the expenditure side, during the year there was an increase in withdrawals from the treasury accounts of social security bodies and territorial bodies as well as an increase in Italy's share of the Community budget.