PSBR worsens to 16bn in May, pensions weigh heavily

(ANSA) - ROME, JUN 1 - The public sector borrowing requirement worsened to 16 billion euros in May from 11.7 billion last May, the economy ministry said Thursday.
    The balance, the ministry explains, was affected by the increase in social security spending due to the revaluation of pensions, higher spending by central government and higher levies by territorial governments.
    There was a slight decrease in receipts, attributable to the decrease in tax receipts through the F24 process, due to the greater use of offsets for subsidised tax credits. (ANSA).