The Bank of Italy said Tuesday
that the State has managed to reduce the public sector's debt
related to late payments to private sector suppliers by 20
billion euros in the last two years. It added, however, that the
State still needed to bring the debt down by 50 billion euros
from the 70 billion registered at the end of 2014 to respect EU
regulations. The central bank added that some public bodies "may
have devoted part of the funds received from the economy
ministry to finance new spending rather than reducing trade
debts".
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