Italy 2022 state sector budget deficit at 66.9 bln euros

Credit: REUTERS/REMO CASILLI

Jan 2 (Reuters) - Italy posted a state sector budget deficit of 66.9 billion euros ($71.30 billion)in 2022, 39.6 billion euros lower versus 2021, the Treasury said in a statement on Monday.

The difference came mainly from an increase in tax revenues as well as other factors including the 20-billion-euro tranche as part of grants provided by the European Union's post-pandemic recovery fund.

In December 2022, Italy posted a preliminary shortfall of 3.2 billion euros, slightly improving from a deficit of 3.4 billion euros in the same period of 2021.

($1 = 0.9383 euros)

(Reporting by Federica Urso, editing by Federico Maccioni)

((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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