13 July 2001, 11:58  Italy govt plans 120-150 trln lire in privatisation income in 5 yrs - reports

MILAN (AFX) - The government plans to raise 120-150 trln lire in privatisation proceeds over the next five years, reports in the major dailies said. The government plans to raise about 20 trln lire this year from the sale of public assets, according to information released by the executive to employers and unions yesterday during the presentation of the government's economic and financial programme for the coming years, the reports said. The government also plans an amnesty for the repatriation of funds illegally smuggled out of Italy. The amnesty is scheduled to be carried out with the changeover from the lira to the euro due next year, they said.

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