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Treasury Department to stretch cash
The agency suspended the automatic printing of checks and accumulates payments to suppliers to stay afloat
Archival note
This content was published more than 7 years ago.
The agency suspended the automatic printing of checks and accumulates payments to suppliers to stay afloat
The liquidity obtained by the Treasury Department in the last few months is not due to a sudden improvement in the collections of the tax authorities, but to tactics of cash management, like delaying payments to suppliers and contractors -that are about $ 404 million- and changes in the accounting systems to prevent automatic printing of checks.
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