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Press release

Final balance sheets of provincial governments

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In 2011 total tax assessments as a net of clearing accounts, was equal to 11,674 million euros, reflecting a decrease over the previous financial year (-10,1 percent) (Table 1). This figure represents a substantial fall in capital revenue, in opening of lines of credit and current revenue.

In greater detail, the decrease in current revenue (-2.2 percent relative to 2010, from 10,012 to 9,796 million euros) can be attributed to fall both in revenue from contributions and transfers (-13.6 percent) and non-tributary revenue (-3.1 percent) on the one hand and to increase in tributary revenue (+8.3 percent) on the other hand.

The assessment of capital revenue dropped by 37.3 percent (from 2,382 million euros to 1,494 million euros), representing the effect of appreciable contractions in transfers (-38.9 percent), property transfers (-38.3 percent) and credit collection (-26.8 percent).

For 2011, revenue related to financial management revealed changes in composition relative to the previous year. The impact of current revenue grew (from 77.1 to 83.9 percent), while decrease was registered in capital revenue (from 18.3 to 12.8 percent). Revenue from the opening of new lines of credit dropped too (from 4.6 to 3.3 percent).

An examination of cash management reveals that total collections remained stable, from 12,069 to 12,053 million euros. Current revenue grew by 3.0 percent, while capital revenue fell by 17.5 percent.

Revenue from the opening of new lines of credit registered an increase (+7.6 percent).

For further information:
Statistics on public and private institutions

Roberta Di Stefano
Ph. +39 06 4673.6402

Reference period: Year 2011

Date of Issue: 29 May 2013



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