The enactment in May 2009 of the framework law providing for the reform of the system by which Italy’s Regions and Municipalities are funded (Law 42/2009) marks a step forward towards the decentralization of public finances in Italy. However, the law only offers a number of very loose guidelines concerning future government decrees to be adopted over the subsequent two-year period, while providing for a further five-year transitional phase leading to full implementation of the reforms. We discuss the current situation about public spending and taxesa and potential issues which can arise after the ongoing federal reform.
Filling Fiscal Gap in Italy: a Challenging Task for the Federal Reform
RIZZO, Leonzio Giuseppe;
2011
Abstract
The enactment in May 2009 of the framework law providing for the reform of the system by which Italy’s Regions and Municipalities are funded (Law 42/2009) marks a step forward towards the decentralization of public finances in Italy. However, the law only offers a number of very loose guidelines concerning future government decrees to be adopted over the subsequent two-year period, while providing for a further five-year transitional phase leading to full implementation of the reforms. We discuss the current situation about public spending and taxesa and potential issues which can arise after the ongoing federal reform.File in questo prodotto:
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