After analyzing the various reforms of the Public Administration, research has focused on the crisis and the insolvency of publicly owned companies, as, for the first time and recently the legislator has organically regulated the consequences of the insolvency of the same, affirming their general submission to bankruptcy and insolvency proceedings. "finance is the fuel of administration. Adam SmithOpens in new window’s definition of economics as the art of managing the resources of the people and of the government clearly brings out the close relationship between Public administration and economics. You may be wondering what the typical topics will be for this kind of study stream. It deals with the objectives of the government, the public interest and laws. In summary, the aforementioned regulation provides two dismissal obligations: The prohibition of maintaining companies that are not consistent with their institutional aims (principle of functionalization); The prohibition to maintain companies, which are consistent with the institutional aims of the institution, are not indispensable for their prosecution (see Corte conti Lombardia Section control, resolution of May 13, 2015, No. The purview of public finance is considered to be threefold, consisting of … In the same perspective of the evolution of the group of public subjects, the law on parastato (L.70/1975) continued the work of transformation through an uncontrolled proliferation of necessary public bodies, qualified as parastatals. Financial intermediaries pursuant to Art. The new discipline produces important repercussions on public budgets and therefore on the community: for this reason the conclusions of the study will deal with this aspect. Introduction. More importance is given to social and environmental responsibility. Brief introduction to this section that descibes Open Access especially from an IntechOpen perspective, Want to get in touch? The amount set aside returns to availability to the public administration budget, always in proportion to the participation fee, in the following cases: The participant body stores the loss or retires the participation. 106 of Legislative Decree 385/93 (Consolidated Law on Banking and Credit Law), as well as companies issuing financial instruments listed on regulated markets and their subsidiaries. In light of this premise, the research field identifies which universe of companies on which the investigation is to be carried out partially or totally held directly or indirectly by public administrations, with the following legal form: Consortium companies in the form of Srl or SpA. If these sums have a value equal to or greater than 10%, the parent company identifies the financial statements of the individually irrelevant entities to be included in the consolidated financial statements, until the sum of the percentages of the accounts excluded for irrelevance is reduced to less than 10%. The Minister of Public Service and Administration and union leaders launched the Public Service Charter in August 2013. The public sector is traditionally constituted by all organizations owned and controlled by government, which provide utilities and services to the community [1]. 175/2016 is also concerned with standardizing the cases in which the entities holding the loss-making interest are not in financial accounting but adopt a civil accounting system. © 2018 The Author(s). The purpose of the reform, as stated by the Council of State in its opinion no. To complete the reorganization procedure, the Art. 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