'Pathological' public administration debt, 32.5 bn paid off

Economy ministry says 5 bn more needed with 40.1 bn allocation

(ANSA) - Rome, November 7 - 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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