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Bes in the Economic and Financial Document

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The Law no. 163/2016, which reformed the Italian Budget law, provided that the Equitable and sustainable well-being indicators should contribute to define those economic policies which largely affect some fundamental dimensions for the quality of life.

A high level committee, including the highest representatives of the Ministry of Economy and Finance, the Italian National Institute of Statistics (Istat), the Bank of Italy and two renowned experts, was set up to select a short list of indicators from the BES set, to be considered annually in the Economic and Financial Document (DEF) and in the Report to the Parliament.

A first set of 4 indicators (Adjusted gross disposable income per capita, Disposable income inequality, Non-participation rate, Emissions of CO2 and other greenhouse gasses) 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.

The complete list of Bes indicators as defined by the Committee and approved by the competent parliamentary committees was considered in the 2018 Economic and Financial Document. The list includes 12 indicators, 8 of which were analyzed in their recent evolution. With regard to the remaining 4 indicators, estimates for the following three years were developed.

The second report on equitable and sustainable well-being indicators, reported to the Italian Parliament on 27th February 2019, presented a predictive scenario using 4 indicators, together with a review of the measures that should have an impact on each of the 12 indicators included in the complete list and a focus study on absolute poverty.

In DEF 2019 publication it is possible to find the trend and programmatic forecasts relating to the 4 BES indicators and the analysis of most recent trend for the other 8 Bes indicators.

The third report on equitable and sustainable well-being indicators, submitted to the Italian Parliament on 18th of February 2020, presented the recent evolution of the 12 indicators together with the policy scenarios of some of them, and a focus study on length of civil proceedings.

In the DEF 2020 publication the trend of the 12 indicators up to 2019 was analysed and the forecast of some of them up to 2021 was provided,. Three methodological insights are also available, on overweight or obesity, early leavers from education and training, Ratio of employment rate for women aged 25-49 with at least one child aged 0-5 to the employment rate of women 25-49 years without children.

The fourth report on equitable and sustainable well-being indicators, submitted to the Italian Parliament on 11th March 2021,  includes analyses of the recent evolution of the 12 indicators up to 2019 together with the policy scenarios of 4 of them (Adjusted gross disposable income per capita, Disposable income inequality, Non-participation rate, Emissions of CO2 and other greenhouse gasses). In this latest publication forecasts for life expectancy in good health at birth are also included for the first time. The report also presents some insights on Citizenship Income in 2019-2020, on the main characteristics of the ISTAT Survey “Aspects of daily life”, on interventions to deal with the health emergency in the context of judicial activity, together with specific analyzes of data collected at regional level for 8 of the 12 indicators.

The MEF most recent publication is DEF 2021, disseminated on the 5th of May 2021. In the document the trend of well-being indicators up to 2020 was analysed and the forecast of some of them up to 2024 was provided. The document also contains a qualitative assessment of the measures (investments and reforms) envisaged in the National Recovery and Resilience Plan, approved by Parliament on April 27, 2021, aimed at tracing the possible impacts on the BES indicators. Finally, a specific focus is dedicated to simulating the effects of the Covid-19 pandemic on absolute poverty.

For this publication Istat provided the 2020 updates the  equitable and sustainable well-being indicators, mainly based on final data but also, when it was necessary to ensure timeliness, on provisional data and ad hoc estimate models.

(see the updated tables of Istat indicators)

 

The selections of indicators

 

Government’s documents:

Last edit: 08 June 2021