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    Home > Finance > Italy posts budget surplus in Q4 of 2024
    Finance

    Italy posts budget surplus in Q4 of 2024

    Published by Global Banking & Finance Review®

    Posted on April 4, 2025

    1 min read

    Last updated: January 24, 2026

    Italy posts budget surplus in Q4 of 2024 - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Italy posted a 0.4% GDP budget surplus in Q4 2024, the first since 2019, with revenues up 3.4% and spending down 8.3%, ISTAT reports.

    Italy Reports Budget Surplus for Q4 2024, Says ISTAT

    ROME (Reuters) - Italy posted a public budget surplus of 0.4% of gross domestic product in the fourth quarter of last year, compared with a 6.6% deficit in the same period of 2023, official statistics agency ISTAT said on Friday.

    It was the the first quarterly surplus since the last quarter of 2019, the statistics institute said.

    Revenues rose by 3.4% year-on-year, versus an 8.3% fall in public spending.

    ISTAT confirmed that over the whole of 2024 the deficit came in at 3.4% of GDP, a steep decline from 7.2% in 2023, and well inside the government's 3.8% target.

    The full-year data was already issued by the statistics institute on March 3.

    ISTAT gave the following quarterly public finance data. All figures are expressed as a percent of gross domestic product.

    Public balance Revenues Spending Primary Balance*

    Q4 2024 +0.4 55.4 55.0 +4.1

    Q4 2023 -6.6 55.2 61.8 -2.8

    * Public balance net of debt servicing costs

    (Reporting by Antonella Cinelli, editing by Gavin Jones)

    Key Takeaways

    • •Italy achieved a budget surplus of 0.4% of GDP in Q4 2024.
    • •This marks the first surplus since Q4 2019.
    • •Revenues increased by 3.4% year-on-year.
    • •Public spending fell by 8.3% compared to the previous year.
    • •The full-year deficit was 3.4% of GDP, below the government's target.

    Frequently Asked Questions about Italy posts budget surplus in Q4 of 2024

    1What is the main topic?

    The main topic is Italy's budget surplus in Q4 2024, as reported by ISTAT.

    2Another relevant question?

    How did Italy achieve a budget surplus in Q4 2024?

    3Third question about the topic?

    What were the revenue and spending changes in Q4 2024?

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