Why Italy's cultural wealth never really enters public accounts and budgets?
Perché la ricchezza culturale italiana non entra mai davvero nei conti e nei bilanci pubblici?
Italy has exceeded the European Commission's structural adjustment path by 0.1 percentage points of GDP, reopening fiscal scrutiny. Amid this debate, the article highlights a deeper issue: Italy's immense cultural heritage is drastically undervalued in public accounts. For example, the Pompeii Archaeological Park is recorded at just €48.9 million, the Colosseum at under €15 million, and the Uffizi at about €2 billion—figures based on outdated 2002 ministerial criteria that bear no relation to actual economic or cultural worth. The State General Accounting Office, with the University of Roma Tre and EU technical assistance, has proposed a new methodology to value cultural assets by discounting their future net financial flows, including direct revenues and indirect tourism-related returns.
