Paying government’s debts to businesses

27/03/2014 00:00

The government has decided to accelerate the payment of debts owed to
businesses. The Deputy Minister of Finances, Erjon Luci, says that the
goal is that the entire payment programmed for this year should be paid
within the first semester.

“We will try to accelerate these payments as much as possible. Our goal is to close them within June. This is an ambitious goal, but not impossible”, declared Erjon Luci, Deputy Minister of Finances.

The Ministry of Finances hopes that a quick injection of this money in our market will bring economic growth, and will leave more time to the stimulus to act. But the full payment within three months requires available funds from the government.

“Based on the agenda, we might have most of the funds from the World Bank and the International Monetary Fund, or from the internal market, within a relatively short time (June-July). A large part of these funds will make possible the payment of old debts”, Luci declared.

The payment of the old debts that the state owes to companies will start in the second half of this month.

“As announced when we had the investment list and VAT reimbursement, more than 3 billion ALL have been paid so far. Most of the payments belong to the VAT group, because there is more complete information for the past years. But the investment group will start paying in the next weeks”, Luci declared.

Unpaid debts to private companies reach 726 million ALL, and the government has decided to pay them within three months.

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