ROMA (ITALPRESS) – In the third quarter of 2025 the net debt of the Public Administrations (AP) in relation to the GDP was equal to -3,4% (-2.3% in the same quarter of 2024). It makes Istat known. The primary balance of APs (net debt of liabilities) was positive, with an incidence on GDP of 0.4% (1.6% in the third quarter of 2024).
The current balance of the AP was also positive, with an impact on GDP of 1.3% (2.2% in the third quarter of 2024). Tax pressure was 40%, down 0.8 percentage points compared to the same period of the previous year. The disposable income of consumer households grew by 2% compared to the previous quarter, while consumption grew by 0.3%. The consumption of households is estimated at 11.4%, up 1.5 percentage points compared to the previous quarter.
In view of a change of 0.2% of the implied consumption deflater, the purchasing power of households grew compared to the previous quarter of 1.8%. The profit share of non-financial companies, estimated at 42.3%, fell by 0.9 percentage points compared to the previous quarter. The investment rate of non-financial companies stood at 22.8%, up by 0.1 percentage points compared to the previous quarter.
“In the third quarter of 2025 the public finance picture shows a decreased fiscal pressure and a growing debt compared to the third quarter of the previous year – comments Istat –. In the same period, there is a strong increase in purchasing power and the propensity to save families that, excluding the Covid period, reaches maximum levels from the third quarter of 2009, while the final consumption expenditure remains weak. For non-financial companies, after the growth of the last quarter, a decrease in profit share is observed, in continuity with the trend in place from the second half of 2023. It slightly increases the investment rate.”.
-Photo IPA Agency-
(ITALPRESS).
