The Istat today rings the Income Statement quarterly government (AP) for the second quarter of 2009. Analyzing the income statement of the government for the second quarter of 2009 show that net borrowing of AP2 in relation to GDP amounted to 3.3 per cent (1.3 per cent in the corresponding quarter of 2008). Overall, in the first half of 2009 saw a net debt of 6.3 percent of GDP compared with 3.5 in the first half of 2008.
In the second quarter 2009 total revenues have declined in trend terms by 2.4 percent compared to less than 0.5 for the same period the previous year (Table 2), in this period the total revenue relative to GDP accounted for 45.8 percent compared to 45.0 percent in the second quarter of 2008. During the period, total revenue fell by 2.7 per cent (plus 1.5 in the corresponding half last year).
The only current income was a decline trend of 5.4 percent due to the combined effect of a reduction in direct taxes (minus 7.0 percent), indirect taxes (less than 8.6 per cent), social contributions (minus 3.4 percent) and growth of other revenue streams (plus 8.9 percent). Significant growth in revenue were instead on the capital and in particular the capital taxes in which they accounted for one-off tax payments replacing some tributi3 that affected some sectors of the economy, especially banking. In the second quarter 2009, total output rose in trend terms, 1, 8 percent more than the 8.2 per cent in the corresponding period last year (Table 2). Their value in relation to GDP (Figure 2 and Table 1) amounted to 49.1 per cent (46.3 per cent in the corresponding quarter of 2008). For the six months they have increased by 3.2 percent versus 6.2 percent in the corresponding semester of 2008. Outputs on current trends in the quarter, an increase of 1, 5 per cent. This increase is the combined effect of a decrease in compensation of employees (less than 3.5 per cent) of interest expense (minus 12.7 percent), an increase in intermediate consumption (plus 12.0 percent), social benefits in cash (plus 4.8 percent), other current output (plus 4.2 percent). The capital expenditure increased in trend terms by 5.8 per cent, in particular, gross fixed capital formation increased by 4.6 percent and other capital expenditure by 7.7 percent.
In the second quarter 2009 total revenues have declined in trend terms by 2.4 percent compared to less than 0.5 for the same period the previous year (Table 2), in this period the total revenue relative to GDP accounted for 45.8 percent compared to 45.0 percent in the second quarter of 2008. During the period, total revenue fell by 2.7 per cent (plus 1.5 in the corresponding half last year).
The only current income was a decline trend of 5.4 percent due to the combined effect of a reduction in direct taxes (minus 7.0 percent), indirect taxes (less than 8.6 per cent), social contributions (minus 3.4 percent) and growth of other revenue streams (plus 8.9 percent). Significant growth in revenue were instead on the capital and in particular the capital taxes in which they accounted for one-off tax payments replacing some tributi3 that affected some sectors of the economy, especially banking. In the second quarter 2009, total output rose in trend terms, 1, 8 percent more than the 8.2 per cent in the corresponding period last year (Table 2). Their value in relation to GDP (Figure 2 and Table 1) amounted to 49.1 per cent (46.3 per cent in the corresponding quarter of 2008). For the six months they have increased by 3.2 percent versus 6.2 percent in the corresponding semester of 2008. Outputs on current trends in the quarter, an increase of 1, 5 per cent. This increase is the combined effect of a decrease in compensation of employees (less than 3.5 per cent) of interest expense (minus 12.7 percent), an increase in intermediate consumption (plus 12.0 percent), social benefits in cash (plus 4.8 percent), other current output (plus 4.2 percent). The capital expenditure increased in trend terms by 5.8 per cent, in particular, gross fixed capital formation increased by 4.6 percent and other capital expenditure by 7.7 percent.
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