2025 opens with i. Data provided by Istat Which confirms the increase in the tax burden in Italy. Deficit Deal Pil al 2.3%. Italian public administration continues to struggle with high levels of debt, while consumers face rising costs. Nevertheless, the Italian government and its political representatives express satisfaction with employment and the general performance of the economy. Let’s look at the key data that comes out.
Istat data on GDP: what emerges.
In the third quarter of 2024, Istat recorded an improvement in the public administration deficit, reducing 2.3 percent of GDPcompared to 6.3 percent in the same period in 2023.
Despite the improvement in the deficit, the tax burden increased. 40.5%an increase of 0.8 percentage points over the previous year. Development of Tax remains a central problem for Italian families, who continue to deal with high tax burdens.
As for consumption, they are.1.6 percent increasewith improvements in households’ disposable incomes, which increased. 0.6%. However, the propensity to save decreased slightly, reaching 9.2%, representing a decrease of 0.8 points compared to the previous quarter.
Political comments: Maloney satisfied
Despite the tax burden figures, the Maloney government expressed satisfaction with other economic indicators. Commenting on the results, Georgia Maloney pointed out how employment is at the highest level ever recorded, with female employment rates reaching an all-time high. Maloney also highlighted the drop in the unemployment rate, which declined 62.4%with a decrease of 0.6% compared to the previous quarter.
Additionally, the Prime Minister emphasized the increase in investor confidence in the “Italian system” with record demand for government bonds and a significant reduction in spreads. Maloney announced that the figures show a clear reversal from the past and confirm that the government is making progress, acknowledging that there are still challenges to be faced.
By the opposition, Raffaella shirt Criticizing the increase in tax pressure, he claimed that the Maloney government did not respect the tax. A promise to lower taxes. According to Paita, Istat data confirms that the tax burden with the current government has increased by approx. l’1%.
The deputy accused the executive of being “away from the needs of citizens” and accused the government of hoarding cash at the expense of Italians, dipping into taxpayers’ pockets to balance the deficit. Figures for the opposition confirm that “Maloney is the government of taxes.Contrary to what was promised in the election campaign.
