KICK-OFF MEETING IESS Improving Effectiveness In Social Security

Transcription

1 KICK-OFF MEETING IESS Improving Effectiveness In Social Security Presentation of Ministry of Economy and Finance Department of the Treasury Marco Cacciotti Ministry of Economy and Finance Rome, June 20, 2014

2 The Mission of MEF The MEF is the executive body responsible for economic, financial and budget policy, planning of public investment, coordinating public expenditure and verifying its trends, revenue policies and tax system. It operates the State's public land and heritage, land register and customs; it plans, coordinates and verifies operations to foster economic, local and sectoral development, and is responsible for setting out cohesion policies. The Ministry performs a supervisory role over entities and activities as well as performing such functions as concern its relations with supervisory and regulatory authorities and set down by law (2nd paragraph art. 23 Legislative Decree 300/99, modified by law in 2006 and 2009). 2

3 The Mission of MEF 2 Planning of public investment 3 Coordinating public expenditure and verifying its trends 6 Land register and customs 1 Economic, financial and budget policy 4 Revenue policies and tax system 5 State s public land and heritage ICT Horizontal services Logistics and Human Resources Procurement 3

4 Ministry of Economy and Finance Central Administration Ministry of Economy and Finance The Cabinet Office and staff Italian Finance Police The Higher School of Economics and Finance Fiscal Agencies Department of the Treasury State General Accounting Department (RGS) General Administration, Human Resources and Services Department Finance Department Italian Revenue Agency- Agency for the territory Custom Agency Public Land Agency Territorial Administration Territorial Accounts Units Tax Courts 4

5 Each Department has its own mission DEPARTMENT OF THE TREASURY Technical support to Government economic and financial policy choices, at both national and international level 2014 STATE GENERAL ACCOUNTING DEPARTMENT Ensuring proper administration and rigorous planning of the State's resources FINANCE DEPARTMENT Strategies of tax policy and governance of the tax system GENERAL ADMINISTRATI ON, HUMAN RESOURCES AND SERVICES DEPARTMENT Support unit supplying specialized services both internally and externally to the Ministry s organizational structure 5

6 Department of the Treasury - Organization Chart Staff Offices Director General of the Treasury DGT Senior Advisory Board I Economic Financial Analysis (VII offices) II Public Debt (XII offices) III Internationa l Financial Relations (XI offices) IV Banking and Financial system, legal affairs (VIII offices) V Prevention of financial crimes (VIII offices) VI Financial transactions Reviewof compliance with the EU legislation (X offices) VII Finance and Privatizations (V offices) VIII Enhancement of public asset value (IV offices) Formulation and implementation of the Government s economic and financial policy choices, at both national and international level, macroeconomic strategies and economic planning documents Public Debt, managing borrowing requirement and State s financial interventions Means of Payment - antifraud system and financial crime prevention Supervisory and regulatory functions over the banking and financial systems Shareholdings and Privatizations International Financial Relations Tasks 6

7 Directorate I Economic and Financial Analysis - Organization Chart Director General OFFICE I Legal Affairs, organization, support, coordination studies and research OFFICE II Analysis of sustainabilit y, potential growth and structural balances OFFICE III Analysis of economic and macroeconomic forecasts OFFICE IV Quantitative analysis, modeling and structural reforms OFFICE V Labour Market: Analysis and modeling OFFICE VI Public Finance OFFICE VII Economic European energy markets and environment analysis Technical preparation of economic and financial planning documents Analysis of economic, monetary and financial issues at both national and international levels Support to policy-making on matters related to economics and public finance Analysis of public accounts Participation in the Economic Policy Committee of the EU and preparation of economics dossiers for ECOFIN. Participation in the Economic Policy Committee and WP1 of the OECD Tasks 7

8 Directorate I Office II Tasks Analysis of long-term sustainability of public finances with reference to pensions and social costs related to ageing. Pensions funds and analysis of the adequacy of pension systems through the use of microsimulation models (T-DYMM). Analysis and management of models for estimating potential output of the Italian economy and the correction for the effects of the cycle of the public finances. Fiscal rules (MTO, Debt rule, significant deviation and expenditure rule). Ageing Working Group and Output Gaps Working Groups. Support to the preparation of planning documents. Contacts with IMF, the European Commission, OECD and rating agencies. Drawbacks Need for coordination with official AWG long term projections produced by the State Accounting Dept. (RGS) 8

9 Models developed and used within Directorate I BRIDGE MODELS - Quantitative Tools for Business Cycle Analysis ITaxSIM - Italian TAXation SImulation Model IGEM Italian General Equilibrium Model ITEM - Italian Treasury Econometric Model ITEM e OEF - Oxford Economic Forecasting QUEST III - Quarterly European Simulation Tool TRILL - TReasury ItaLian Leading Indicator T-DYMM - Treasury DYnamic Microsimulation Model Structural Balance and Potential Output 9