Journal title ECONOMIA PUBBLICA
Author/s Giorgio Ragazzi
Publishing Year 2003 Issue 2003/4 Language Italian
Pages 27 P. File size 138 KB
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Public opinion needs few, clear indicators to evaluate plans and financial results of the public sector. Of the two main indicators relevant for European fiscal monitoring: i) net indebtedness would be better defined excluding trades in marketable assets, whether real or financial, and ii) debt would be better defined at market price instead of at nominal value. At national level, various definitions of cash needs («fabbisogno ») risk to provide contradictory information and appear to be mainly a source of confusion. Attention should rather be given to capital gains/losses which are a major albeit neglected cause for changes in debt and public sector net worth.
Giorgio Ragazzi, Quali indicatori sintetici per la finanza pubblica? in "ECONOMIA PUBBLICA " 4/2003, pp , DOI: