At the end of December 2018, the state saw a surplus of €773 million, representing a significant increase compared to previous years. At the same period in 2016 and 2017 the balance was €149 million and €333 million respectively. This positive evolution of the state's Central Administration balance will have a favourable impact on the balance of the Public Administration.
According to the State Accounting Rules under the 1999 Act, receipts of 107.9% of the amounts provided for in the 2018 budget have been collected.
Minister Gramegna commented "I am confident that, in the light of the positive evolution of the central government's balance at the end of December 2018, the prospect of a balanced public finances will materialise for the 2018 budget year. This has not been the case since 2008. Until the close of the accounts in April 2019, my services will continue to monitor the execution of the budget with the necessary seriousness."