Increases in public expenditure or lower revenues must, however, be part of a framework that guarantees financial sustainability and specifies objectives, priorities and sources of funding. 8  The Governor’s Concluding Remarks Annual Report 2018  BANCA D’ITALIA  Public investment expenditure amounts to about 2 per cent of GDP, one third lower than it was at the start of this decade.
The objective of recouping half of the lost ground in three years, with planned increases in spending in the order of 10 per cent per year, assumes a big improvement in the ability to move from identifying what needs to be done to actually getting it done.