At 11.4 billion euros or 4.8% of GDP (ie almost twice as expected) the primary surplus state budget In 2024, according to data released today by ELSTAT and Eurostat.
It is recalled that based on the budget report on 2025 (voted at the end of 2024), a primary surplus of 6 billion euros or 2.5% of GDP was expected.
Based on ELSTAT’s final estimate, the primary surplus is € 5.4 billion higher (€ 11.4 billion against a provision for € 6 billion). In GDP terms, the primary surplus is 2.3 points higher (4.8% against a prediction of 2.5% of GDP).
This extremely positive outcome in the state budget (ie, the surplus surplus in the primary balance) is expected to provide additional fiscal space for income relief measures for citizens and businesses.
According to ELSTAT data, GDP in 2024 amounted to 237.5 billion euros, the primary surplus of € 11,401 billion (versus 4,578 billion euros last year)while General Government’s debt amounted to EUR 364.8 billion or 153.6% of GDP (versus 163.9% of GDP last year).
As for the general government’s balance, in 2024 it closed with Surplus +1.3% of GDP against a prediction for a deficit of -0.7% of GDP. Last year, a deficit of -1.4% of GDP took place. Quantitatively, the General Government surplus in 2024 amounted to € 3.1 billion against forecast (in the 2025 budget report) for a deficit of -1.7 billion euros.