Istat: household income and purchasing power increase

2020-01-07T10:04:44.420Z

In the third quarter of 2019, the general government net debt in relation to the GDP was 1.8%, unchanged compared to the same quarter of 2018. Istat has announced this. The primary balance of the PA (net debt interest expense) was positive, with an incidence on GDP of 1.6% (it was 1.9% in the third quarter of 2018). The current balance of the PAs was also positive, with an incidence on the GDP of 1.1% (1.2% in the third quarter of 2018). "The incidence of the general government account deficit on GDP - is Istat's comment - has remained unchanged compared to the third quarter of 2018 ( 1.8%), as the reduction in the primary surplus was almost completely balanced by the contraction in interest expenditure. " In the third quarter of last year, the state spent 900 million euros less on debt interest expense than in the same period of 2018. This is what he highlights in his quarterly general government accounts. In detail, interest expense fell to 15 billion and 199 million, from 16 billion and 86 million a year earlier, with savings of 887 million euros. The tax burden, on the other hand, decreased by 0.1% to 40.3% in the quarter but increased in the nine months. Looking at the first nine months of the year, the cumulative figure is equal to 39.2% of GDP, an increase of 0.3 points in the trend comparison, thus registering the highest value since 2015, or for four years. Consumption: Istat, in III trim. + 0.4%, household income + 0.3% In the third quarter, disposable income of consumer households increased by 0.3% compared to the previous quarter, while consumption grew by 0.4%. Consequently, the propensity to save of consumer households decreased by 0.1 percentage points to 8.9%. Istat communicates it.