L’istituzione del Fondo Crediti di Dubbia Esigibilità e il suo impatto sulle grandezze di bilancio

Translated title of the contribution: [Autom. eng. transl.] The establishment of the Doubtful Debt Loan Fund and its impact on balance sheet figures

L. Bartocci, S Fanelli, M Ferretti, Elisa Mori, M Sicilia

Research output: Chapter in Book/Report/Conference proceedingChapter


[Autom. eng. transl.] It is known that one of the main innovations introduced by Legislative Decree 118/2011 is represented by the establishment of the Doubtful Credit Fund (henceforth FCDE), by many (Mussari, 2012; Fanelli and Ferretti, 2015) considered of particular impact, at least on a potential level, on the financial management of local authorities. The previous legislation already provided for the possibility for individual administrations to set up provisions for the write-down of their credit positions, in accordance with the principle of prudence and in imitation of consolidated practice in the business world. The recent reform went far beyond, establishing the obligation to use rigid mechanisms for the formation of a special fund, precisely called FCDE, which entails a corresponding restriction on the destination of the administration result. The legislator's final ratio was identified (Anzalone et al., 2015 and 2018) with the attempt to avoid the pursuit of nominal budget balances through the use of income of dubious collectability and fictitious surpluses mostly created through residues difficult to collect assets. Already the introduction of the principle of enhanced financial competence, with a more precise definition of the assessment and commitment phases and the attribution of the items to the year in which they become collectable, and the creation of the Multi-year Planned Fund go in this direction. The compulsory provision of a fund that keeps a significant portion of resources still to be collected restricted only further emphasizes this push, so as to seek and preserve substantial balance sheets. The effects of the reform can therefore be particularly significant. In fact, institutions should be encouraged to avoid fictitious coverage of their expenses and improve their ability to transform potential revenue into effective collections. At the same time, the often dramatic picture of public finance in which many administrations operate may further worsen, at least in the short term, due to the consequences that similar changes can produce in terms of the tightening of financial management. This can provoke pressures towards the implementation of budgetary policies that can affect both the revenue and the expenditure side and also influence the organizational behavior underlying the formation of the accounting values. The present study intends to offer elements to evaluate a first impact of the application of the regulatory changes concerning the FCDE. More precisely, the paper wants, on the one hand, to investigate the choices made by the operators, both as a preventative and during management, with reference to the provision to the fund in question, based on evidence drawn from the analysis of accounting documents concerning a significant sample of Municipalities; on the other, the study proposes possible interpretations of these behaviors, also thanks to the indications offered by the financial managers who responded to a questionnaire submitted to them in order to explore the impact of the new legislation on the financial management logics of the entities concerned and on the relationships between the subjects, politicians and technicians, involved in drafting and managing the budget. In light of these cognitive purposes, the chapter is structured as follows: the next paragraph is dedicated to the reconstruction of a conceptual background useful for understanding and positioning the study in the existing literature; the third paragraph summarizes the regulatory provisions relating to the functioning of the FCDE; the fourth paragraph shows the methodological choices and the design of the research, defined in congruity with the objectives of the same; the following paragraph sets out the results of the empirical investigation, a
Translated title of the contribution[Autom. eng. transl.] The establishment of the Doubtful Debt Loan Fund and its impact on balance sheet figures
Original languageItalian
Title of host publicationL’ARMONIZZAZIONE CONTABILE NEGLI ENTI LOCALI ITALIANI. Implicazioni e prime conseguenze tra adattamento formale e cambiamento
EditorsL Bartocci, L Del Bene
Number of pages26
Publication statusPublished - 2018


  • FCDE
  • fondo crediti di dubbia esigibilità


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