Over the past years, Italy has demonstrated an increasing ability to responsibly manage its public finances. According to Istat data, the country’s deficit in the third quarter of last year dropped to -2.3% of GDP, compared to -6.3% in the same period in 2023. This is an outstanding result, achieved through prudent economic policies and an effective strategy for managing public resources.
This is what we read in a press release from Unimpresa. A particularly significant figure is the primary balance, which recorded a positive value of 1.7% of GDP. This indicates that Italy has been able to generate a surplus, excluding debt interest costs, thus strengthening investor confidence and the country’s economic stability. Additionally, the current balance improved from 1.6% to 1.9% of GDP, confirming the effectiveness of the adopted economic measures.
Italy vs. France: a comparison on economic sustainability
Italy’s improvement in its public accounts is even more remarkable when compared to other European countries. France, for instance, has an estimated deficit of 6.1% for 2024, projected to be around 5.4% in 2025, significantly higher than Italy’s figures. This comparison highlights Italy’s virtuous path, proving that financial sustainability can be achieved without implementing drastic or unpopular measures.
While France is considering a possible increase in VAT to curb its deficit, Italy has managed to strike a balance between financial discipline and economic growth support. This has strengthened the country’s competitiveness in Europe and reinforced international confidence in the Italian economic system.
A path to consolidate
To ensure this positive trend continues, Italy must stay on its current path, investing in key sectors and supporting SMEs. The focus must remain on public spending efficiency, guaranteeing stable economic growth and a sustainable reduction of the public debt.
What do you think about these results? Is Italy really becoming a virtuous model in Europe? Share your thoughts in the comments below!
