The Ministry of Finances announced that has started the process of paying outstanding debts, scheduled to end in 2014, after the finalization of the auditing process by “Ernst & Young” company.
Official data published by the Ministry of Finances show that until at the end of September 2014, about 25.9 bl ALL outstanding debts were disbursed in fields of public investments, VAT reimbursement, current costs on goods and services, in the energy sector, ect. For the remaining time of 2014, the Ministry has planned the paying of 35bl ALL debts, in the framework of the strategy approved by the government.
The ongoing process of the payment of debts was cancelled by the auditing process by Ernst & Young auditing company, but after the results of the auditing process and the approval of the IMF experts, the Ministry started again paying the outstanding debts to companies.
Based on the Ministry’s strategy, the total amount of debt that the government owns to businesses is estimated to be 72bl ALL and will be paid in a three year period. The funds for the payment of these debts in the two next years are set to be 20bl ALL each year.