Excluding the estimated effects of the main operations that do not impact net borrowing and a number of temporal asymmetries, the general government borrowing requirement in the first nine months of 2018 (estimated by approximating the still unavailable data for August and September with those for the state sector borrowing requirement) decreased compared with the corresponding period of 2017.
In the same period, tax revenue entered in the State budget, net of lottery and gaming receipts, increased by 0.5 per cent compared with the same period of 2017, above all thanks to the positive performance of VAT and personal income tax (Irpef) revenue.