Italy reduces taxes and improves public finance

(AGI) Rome, July 4 - Italy's debt-to-GDP ratio improved in thefirst quarter of this year, reported the statistics instituteISTAT. It fell to 6.6 percent from 7.3 percent in the firstquarter of last year. It also fell on a quarterly basis: from3.8 percent in the second quarter of last year, to 3.5 percentin the third quarter and 2.8 percent in the fourth quarter ofthe year. To match the 6.6 percent annual ratio in the firstquarter of this year, it would be necessary to go back to thefirst quarter of 2012, when the debt-to-GDP

(AGI) Rome, July 4 - Italy's debt-to-GDP ratio improved in thefirst quarter of this year, reported the statistics instituteISTAT. It fell to 6.6 percent from 7.3 percent in the firstquarter of last year. It also fell on a quarterly basis: from3.8 percent in the second quarter of last year, to 3.5 percentin the third quarter and 2.8 percent in the fourth quarter ofthe year. To match the 6.6 percent annual ratio in the firstquarter of this year, it would be necessary to go back to thefirst quarter of 2012, when the debt-to-GDP ratio was 6.5percent. During the first quarter of this year, taxes rose to38.5 percent, 0.3 percentage points less than in the sameperiod in 2013. . .