Directive 2011/85/EU

Council Directive 2011/85/EU of 8 November 2011 on requirements for the budgetary frameworks of the Member States, published in the Official Journal of the European Union no. L 306/41, provides in Chapter II "Accounting and Statistics", Article 3, paragraph 2, letter a), that all Member States publish cash data on a monthly basis as regards the sub-sectors of central administration and entities of social security and assistance, on a quarterly basis for the sub-sector of local administrations.

Furthermore, under letter b), it provides for the publication of a detailed reconciliation table in which the methodology for the transition from cash accounting data to SEC data is illustrated.

This table, known as the "Reconciliation table", illustrates the method of reconciling cash and accrual and was drawn up in collaboration with Istat, according to the scheme proposed by DG ECFIN, approved by Eurostat by all Member States.