The 2014 Report on territorial finance, now on its tenth edition, documents the change in our country’s territorial finance. The rationale behind the measures for containing public expenditure has ended up restricting the decision-making autonomy of Regions and Municipalities. Local authorities have been summoned to provide a substantial contribution to the fiscal adjustment policies necessary to comply with the European budget parameters, except that this resulted in an increase of the tax burden and a reduction of investment expenditures at local level. The principle of public finance coordination does not even reward the Regions presently committed to budgetary harmonization and rationalization of health expenditure. This is what emerges in the first part of the report, examining the short-term economic indicators of national public finance at territorial level. The second part offers a detailed study of the reform process under way in the Italian metropolitan cites, with a thematic focus on economic, financial, institutional and territorial aspects. Finally, the third part of the report explores the state of implementation of the Fiscal Compact across some European countries.
Autore: IRES Piemonte, IRPET, SRM, Eupolis Lombardia, IPRES, Liguria Ricerche