"In conto capitale" is consistently translated in Eurodicautom as just plain "capital". "Finanziamento" can have several different translations (e.g. "funds", "financing"), but with "erogazione" it's probably "loan".

So I think they are talking about a capital loan. But best wait for an accounting expert to make sure. Hope this has helped though.

i.e. a loan
I may be totally off, da prendere con grosse pinze.

paola l m

'conto capitale' is capital account which is part of a 'bilancio pubblico' which is in turn a 'documento giuridico che illustra in via PREVENTIVA l'amministrazione finanziaria dello STATO e degli altri enti PUBBLICI' (my emphasis). This is quite different from the other suggested answers and is based on Garzanti's dict. of bus. English.

Excellent links below explaining what is meant with 'in conto capitale'
+ eurodicautom, check for 'conto-capitale'

HTH

Antonella

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Note added at 2002-08-04 13:20:43 (GMT)
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PHRASE
altri contributi in conto capitale

Reference
Ufficio Internazionale e Centro Studi del CNDC,Roma,1994


Definition
the account showing other grants received

Reference
V.Q.,Chartered accoutant,1994
(1)
PHRASE
other grants

Reference
V.Q.,Chartered accoutant,1994

Note
{DOM} accountancy:classification of accounts



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Note added at 2002-08-04 13:24:03 (GMT)
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http://www.ergho.it/finanziamenti inail.htm