As a result, in recent several years, fiscal conditions have deteriorated rapidly. In Italy, fiscal deficit has become chronic as the government has been supplementing a decline in domestic industries’ external competitiveness with fiscal support. Against such a backdrop, with a bloat of government debt outstanding, the market has been concerned over weakening of the economy’s growth potential.
The theme of the workshop - “Countering Terrorist Financing risks in the Non-Profit Organisation sector’’ is indeed a topical one which remains high on the agenda of FATF. It is a subject matter which all countries are currently very closely working on as the NPO sector remains very prominent globally.