commission on fiscal imbalance 合集

On the contrary the same aggregate remains stable for

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: tries to the Regions, Provinces and Municipalities. In particular, with regard to the promotion of local development, functions related to industry were transferred to the regions which were to manage incentives, while the central administration retained functions relating to the general orientation of industrial policy. It took two years and 100 Prime Ministerial decrees to transfers assets, equipment, resources and personnel from the Ministries to the other level of administration. The Bassanini I Act is considered by many to be an anticipation of the constitutional reform towards federalism that should have been produced by a bipartisan work carried out by the “II Commissione Bicamerale” formed of representatives of both branches of the Parliament, under the D’Alema Government. No agreement was reached at that time and only at the beginning of 2001 (under Amato’s Government) was a new constitutional law approved by the Parliament. This law will be submitted to confirmation in a referendum to be held in October 2001. The law integrates the principles of administrative decentralisation introduced by ordinary law and recognizes legislative, financial and administrative autonomy to regions and local autonomies. It assigns to the State the responsibility of implementing equalisation of financial resources in order to ensure, over the whole territory, the access to the same level of essential services related to social and civil rights. It is also stated that an equalisation fund would provide for the resources necessary to co-finance (together with local resources), the public functions attributed to the sub-central levels in areas of lower fiscal capacity. TABLE 1 E xp en d itu re o f th e cen tral state, reg io n s an d lo ca l g o v ern m en ts as a p ercen tag e o f p u b lic s p en d in g ( abs olute va lues in c urren t billion liras ) GDP Y e a rs P u b lic e xp e n d itu re (1 ) S ta te R e g io n s L o c a l g o ve rn m e n ts % GDP % P u b lic e xp e n d itu re % GDP % P u b lic e xp e n d itu re % GDP % P u b lic e xp e n d itu re 1990 1995 1 ,3 0 6 ,8 3 3 1 ,7 7 2 ,2 5 4 4 9 3 ,4 0 1 6 5 3 ,1 9 0 2 1 ,6 2 1 ,3 5 7 ,3 5 7 ,7 8 ,7 8 ,9 2 2 ,9 2 4 ,2 7 ,5 6 ,7 1 9 ,7 1 8 ,1 1 99 7 1,993,850 642 ,88 2 1 7,4 5 3,9 8,4 25 ,9 6 ,5 20,1 ( 1) S tate, R e gions , Loc al G overnm ents , net of intergove rnm ental trans fers an d, for the S ta te, net of de bt servic e S o urc e: B u glione E . , elabo ration on data from R elazione g enerale situ azione e conom ic a del P aes e , M inistry of E c onom y and F inanc e Data are not yet available to calculate the indicator reported in Table 1 for more recent years using the same territorial partition (in particular referring to local governments). While decentralization is proceeding fast the official government documents do not yet contain data of a nature to allow the measurement of the level of decentralization. As we can see, public expenditure as a percentage of GDP decreased by more than 4 points during the 1990-97 period, highlighting the first results of the budgetary...
View Full Document

This note was uploaded on 03/06/2013 for the course ECON 220 taught by Professor Paulo during the Spring '13 term at University of Liverpool.

Ask a homework question - tutors are online