– The austerity package includes a reduction of € billion in local government transfers starting in 2012: € billion less to the special-statute regions, € billion less to the provinces and € billion less to the municipalities.
For the specialstatute regions the spending cuts are enacted through ad hoc coordination procedures and for the provinces and municipalities through reductions in transfers to the experimental “re-balancing” funds (for the redistribution of property taxes) and to the fiscal revenue equalization funds (as well as in fiscal transfers to such bodies in Sicily and Sardinia). Operating costs of some public agencies and institutional bodies.