Good control of accounts and the ability to repay debts, and good programming skills for European funds. All this in a context of prolonged macroeconomic stress.
These are the elements that led the international rating agency Fitch to promote Sardinia . For the island, in fact, Fitch confirms a long-term rating equal to BBB + , higher than that of the entire country, firm at BBB, and certifies the short-term rating at F1 (maximum possible value). The positive figure is the result of a series of factors, pitted today at Villa Devoto by the President of the Region Christian Solinas: the elimination of the Region's deficit during the legislative term; a last administration surplus of 78 million; the reduction of the contribution to public finance thanks to the successful outcome of the revenue dispute; 1.5 billion investments for the island based on the 2019 State-Region agreement; a spending capacity of the resources of the ERDF 2014-2020 well above the national average: 69% against 60% in Italy; timeliness of payments to businesses; the disbursement of all resources (120 million) by the enterprise emergency fund set up by the Executive in 2020; finally, the considerable amount of resources invested against depopulation.
In general, Fitch evaluates the position of the Region as a whole higher than the State , even if by only one point, because the Special Statute of Sardinia partially compensates for the risks of interference by the national government on its finances in the event of macroeconomic stress.
" It is the first time that a Region has a higher rating than the State , Fitch says that Sardinia is more reliable - comments Solinas -, it is an important result, the result of a path and work that has affected the financial and budget structure of the region. We started with a debt of 888 million canceled, up to close the 2021 report with a surplus of 78 million "
