public finance

This national roundtable discussion got underway with the observation that at the heart of Italy’s spending review is the idea of reducing expenditure for the purpose of rebalancing public finances or achieving other priority objectives such as alleviating the tax burden – a concept which, in reality, is not entirely new in Italy. Indeed, soon after the unification of the Kingdom of Italy, the Historical Right (to which Sella belonged) was engaged in a process of rationalizing expenditure with a view to balancing the budget.