How are we doing? Italy’s public accounts, one question at a time
One number, two readings
100 euros from yesterday aren’t 100 euros today.
Prices rise over the years, so the same euros buy fewer things. “As published” shows the figures exactly as the MEF recorded them at the time. “In today’s euros” converts them into today’s euros using the ISTAT (the national statistics institute) price index, so you can compare distant years without being misled by inflation.
In brief. The longer a bar, or the wider a band, the more money flows through it. When you open an item, the thinnest bands are drawn at a minimum width so they stay readable: the figure written next to them is still the real one. “To be financed” is the difference between what comes in and what goes out: it isn’t an extra tax and it doesn’t automatically become new debt. With “In today’s euros” switched on, past years are converted into today’s euros; the MEF’s original figure is always the “As published” one. The figures are the final accruals forecasts of the final accounts: what was authorised by year end, not what was actually paid or collected: the comparison is in Planned vs spent →
What to look at
Which changes
deserve attention?
Here we highlight the items that changed much more than usual this year.
A closer look