Istat: in the second quarter of 2026 PA debt at -2.0% of GDP

In the second quarter of 2026, public administration net debt in relation to GDP was -2.0% (-2.1% in the same quarter of 2025). Istat communicates this by releasing estimates on the quarterly accounts of public administrations, income and savings of families and profits of companies.

The primary balance of public administrations (debt net of interest expense) was positive, with an impact on GDP of 3.0% (2.2% in 2025). The current account balance of public administrations was also positive, with an impact on GDP of 2.9% (3.3% in 2025).

In the second quarter of 2026, the tax burden was 43.5%, an increase of 0.5 percentage points compared to the same period of the previous year.

The disposable income of consumer families increased by 0.4% compared to the previous quarter, while consumption grew by 1.7%.

The propensity to save among consumer families was 6.7%, down 1.2 percentage points compared to the previous quarter. Against a 1.4% increase in the implicit consumption deflator, the purchasing power of families decreased by 0.9% compared to the previous quarter.