Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Italy weighing additional asset sales to cut debt: economy minister

Published 12/04/2018, 03:19 PM
Updated 12/04/2018, 03:20 PM
© Reuters. FILE PHOTO: Italian Economy Minister Tria holds a news conference after a Euro zone finance ministers meeting in Brussels

ROME (Reuters) - Italy's Economy Minister Giovanni Tria said on Tuesday that the government is weighing additional asset sales next year to help cut debt as it seeks to settle a dispute with the European Commission over its 2019 budget.

The government has said it would aim to raise as much as 1 percent of gross domestic product next year through privatizations. The additional sales would be on top of what has already been forecast, Tria said, speaking in testimony in the lower house of parliament.

In its current draft budget document, the government "has made some changes, including to forecasts for possible asset sales in order to maintain - and give a sort of guarantee to - a decline in debt," Tria said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.