Istat presents the results of financial flow calculations on the final balance sheets of local government (municipalities, provinces and metropolitan cities) for fiscal year 2015.
The provisional estimations presented here are based on information from the data banks of the Ministry of the Interior.
The total revenue assessed by municipal government during fiscal year 2015 was estimated at 86,650 million euros. This general total does not include the revenue of third-party contractors. The total assessed revenue fell down to 71.6 percent current revenues, 14.7 percent capital revenue and the remaining 13.7 percent for revenue derived from the opening of lines of credit. With reference to the data for 2014, total collections increased by 2.4 percent and total assessments by 4.0 percent.
Collection capacity in 2015, as measured by the ratio between items collected in accrual accounts and items assessments, was equal to 71.7 percent.
A total of 12,706 million euros of capital revenues were assessed, up by 15.7 percent compared to 2014. This figure leads to a strong growth in credit collection, as well as in asset transfers and in transfers. Collections of capital revenues reached 10,596 million euros, a growth compared to 2014. This is mainly due to the increases recorded in credit collection and in transfers-derived, while asset transfers revenues fell down.
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