In April, the Italian public debt reached a new record. The increase reported by the Bank of Italy is 29.3 billion compared to March, so as to bring the total debt of the Public Administrations to 2,680.5 billion. The increase reflects the increase in cash and cash equivalents (17.1 billion, to 101.8) and the need for the month (11.9 billion). The spreads and premiums on issue and redemption, the revaluation of inflation-linked securities and the change in exchange rates increased debt by a further 0.4 billion.
At the end of April the share of the debt held by the Bank of Italy was 22.4 per cent (0.2 percentage points more than the previous month); the average residual life of the debt increased slightly to 7.5 years. With reference to the breakdown by subsectors, the debt of the central government increased by 25.9 billion while that of the local government by 3.5 billion; the debt of the social security institutions remained unchanged. specifies a note from the Bank of Italy.
Also in April, tax revenues accounted for in the state budget amounted to 31.8 billion, up by 31.8 percent (7.7 billion) compared to the same month of 2020, also in connection with the postponements of some payments. tax disposed with the emergency decrees approved last year. In the first four months of 2021, tax revenues amounted to 127.8 billion, an increase of 7.3 percent (8.7 billion) compared to the same period last year.
Meanwhile, in May, Istat estimates that inflation on an annual basis has grown by 1.3%, but the so-called shopping cart continues to decline, falling from -0.7 to -0.9%.