Introduction section Section I - The series of documents since the establishment of the Republic up to 2009
Section I - The series of documents since the establishment of the Republic up to 2009
A detailed analysis of the planning documents envisaged by previous regulations, before the introduction of Law No. 196 of 31 December 2009, can be found in the Economy Guide of May 2006: The Planning Documents: the role, structure, processes and tools of the Ministry of the Economy and Finance, (PDF,1639)
More specifically, up until the end of the 1970s, the State general accounting standards envisaged that just one forecasting document should be drawn up in connection with the yearly budget: the Forecasting and Planning Report (Relazione Previsionale e Programmatica – RPP) introduced by Law No. 639 of 21 August 1949, as later amended. Another document, the General Report on the Country’s Economic Situation (Relazione Generale sulla situazione economica del Paese - RGE), also introduced by law 639, contains a wealth of data on Italy’s economic performance in the twelve months before its publication.
Although Law No. 468 of 5 August 1978 did not envisage any new planning documents, it introduced far-reaching changes; it laid down that economic planning should go hand in hand with financial planning, based on the adoption of a multi-year budget, and envisaged a regulatory mechanism enabling more flexible budget policies: the Financial Law (Legge Finanziaria).
In the late 1980s, Law No. 362 of 23 August 1988 amended Law No. 468 and also introduced new planning documents: the Economic and Financial Planning Document - DPEF and the Report on the Economic Performance of the Previous Year and the Update of Forecasts for the Current Year - AGGRPP which was drawn up at the same time as the Cash Quarterly Report on Public Expenditure. In 2007 the AGGRPP document was replaced by the Unified Economic and Financial Report (Relazione Unificata di Economia e Finanza - RUEF), which is a merger of the two reports descrive above.
In the late 1990s, two additional documents envisaged by the new European regulations were added to the existing series of planning documents: the Stability Programme - PS – introduced when Italy joined the Economic and Monetary Union (EMU) and the Report on Economic Reforms - RER which since 2005 was drawn up as part of the National Reform Program related to the revitalisation of the Lisbon Strategy. At the same time Law No. 208 of 25 June 1999 introduced major changes to the content of the DPEF (Economic and Financial Planning Document) and of the Financial Law and changed the timeline for submitting the economic and financial planning documents (postponing the deadline from May 15 to June 30 for submitting the DPEF).