In the fourth quarter of 2025, Italy’s public administration accounts recorded a surplus, with the balance standing at 1.4% of GDP. The primary balance was 5.1% of GDP, and the current balance 6.9%. Tax pressure rose to 51.4%, up 0.8 points from the same period last year.
Household disposable income fell 0.4% versus the previous quarter, while consumption grew 0.5%. The saving propensity of households was 7.8%, down 0.8 points. The purchasing power of families dropped 0.8% after a 0.4% change in the implicit consumer deflator.
Non‑financial corporate profit share was 43.2%, up 0.2 points, and the investment rate 24.6%, down 0.2 points.
© Istat.
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