This document details the sources and distribution of financing of vocational education and training (VET) in Italy. Part 1 presents basic information on the political, economic, legislative, and administrative contexts of financing VET. Part 2 describes the sources and distribution mechanisms of funds for the following forms of initial vocational training: school-based vocational education, regional vocational training, and apprenticeship training. Part 3, which is devoted to continuing vocational training (CVT), contains information on the following topics: CVT in the public vocational training system; training financed by enterprises; and industrial training. Part 4 identifies the following main lines of development of VET and VET funding: introduction of compulsory training up to 18 years of age to be completed through school education, vocational training, or apprenticeship; complete reform of the structure of upper secondary schools; creation of an integrated higher training system; reform of the vocational training system; reform of employment services; drafting by the government of a master plan for education, training, and labor; and completion of the system of apprenticeship. Seventeen tables/figures are included. The following items are appended: information about the economic context of VET in Italy; a glossary of acronyms, abbreviations, and terms; and a bibliography that lists 16 references. (MN)