Italy's regional budgets suffering, audit court says

Decrease in central government funding worth 21 billion

Italy's regional budgets suffering, audit court says

(ANSA)- Rome, August 7 - Italy's Audit Court on Wednesday said that regional budgets suffering from a decrease in central-government funding were only partially compensated by a hike in local taxes. In its financial report on regions on the 2011-2012 period, the court said that "with regional expenditure contributing for 22% of public administration expenses, regions played a role in limiting public expenditure in the 2010-2014 period, contributing for 34% of budgetary measures involving the public sector". A decrease in central State funding worth 21.89 billion euros in 2009-2012 - down 20,2%, - was only in part compensated by higher tax revenues, growing on average 10% a year, the Audit Court said.

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