The Italian State has allocated
40.1 billion euros to pay 'pathological' overdue public
administration debt, 32.5 billion euros of which have already
been paid out to creditors, the economy ministry said on Friday.
'Pathological' debt is considered commercial debt which has
gone far beyond the payment date.
Five billion euros beyond the total allocation are still
required in order to fully pay off all overdue public
administration debt to creditors, and the government plans to
definitively resolve the problem in a matter of weeks, the
ministry said.
Recent laws allowed the Italian government to make more than
56 billion euros available to public debtors to pay off the
overdue debt.
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