The Law no. 163/2016, which reformed the Italian Budget law, introduced a limited number of indicators of equitable and sustainable well-being, selected from the Bes framework, into the cycle of economic and budget planning. This innovation commits the Ministry of Economy and Finance (MEF) to consider in the definition of policies and in the evaluation of their effects also the dimensions related to well-being, in addition to those more strictly related to the economy.
A first set of 4 indicators was analyzed in the DEF 2017. For this indicators a trend and programmatic forecast of the future trend was included and subsequently referred to in the first Report on BES indicators presented to the Parliament by the Minister of Economy and Finance in February 2018.
After the first Report to Parliament on well-being indicators released in 2018, the fifth Report to Parliament is now presented, in which the recent evolution of all 12 indicators is commented together with the forecasts of 8 indicators for the years 2021-2024.
For this publication, Istat provided the 2020 update of the complete set of well-being indicators included in the DEF, mainly based on final data but also, when it was necessary to ensure timeliness, based on provisional data and ad hoc estimate models.
More information is available at BES and DEF web pages.