ALGIERS–Although the State’s Treasury is “relatively tense” it enables coping with public expenditure, said Minister of Finances, Mohamed Loukal, adding that the Public Treasury has not recorded any payment backlog with companies carrying out investment projects.
“The state’ cash position, although relatively tense, is controlled and provides for management of public expenditure, including the operating budget, the repayment of public debt, the capital budget and Treasury operations,” said Loukal in an interview with APS.
The delays in payment, which may be recorded in the capital budget, “can only be due to matters of compliance with the files submitted by the authorizing officers and the procedures in force,” he said.
“These delays could not, under any circumstances, be attributed to cash tensions,” he added.
The disbursements made, at the end of March, as part of the budget execution process amounted to DZD2,448.5 billion, distributed between the operating budget (DZD1,556.5 billion) and the capital budget (DZD891.9 billion), added the Minister of Finance.
Treasury interventions, by way of loans to companies and other public bodies, totalled, at the same date, DZD395.5 billion
“No disturbance is recorded at the level of Treasury windows or CCPs,” said Loukal regarding the payment of salaries and pensions.