Tuscan municipalities are accelerating investment spending and post-PNRR prospects.

Capital spending is a key indicator of the public sector’s capacity for development and innovation, as it expresses the institutional system’s ability to support economic growth and improve the quality of services in the medium to long term.

Over the past 15 years, municipal investment trends have been uneven. On the contrary, they contracted sharply in the early years of the decade, due to public finance containment policies and the 2011-2013 economic and financial crisis. In particular, the reduction in spending was particularly pronounced in the Central and Northern regions, while in the Southern regions, investments from 2012 to 2015 benefited from the conclusion of the 2007-2013 EU Fund programming cycle. This, however, is a temporary result, as spending in Southern Italian authorities also declined sharply in the following two years, only to then realign with the overall trend.

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