Local public entities financial trends

Fabio Vittorini
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Fabio Vittorini: Dexia Crediop

BANCARIA, 2009, vol. 10, 64-72

Abstract: Fiscal and budget policies, that came into force in 2007, have led to a break in the growth of investments by local authorities that coincided with the economic crisis. The decreased use of debt is to be evaluated as an indicator of reduced ability to invest rather than as a signal of improving balance sheets and thus of increasing the possibility of self-financing. In particular, a decrease in investment of local authorities represents a missed opportunity for the public intervention to have an anticyclical role.

Keywords: crisi finanziaria; enti locali; indebitamento (search for similar items in EconPapers)
JEL-codes: G01 H70 H74 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:10:y:2009:m:october:p:64-72

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