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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

18 de agosto de 2017 - 10:00 AM

Archival note
This content was published more than 7 years ago.
"That money seems a huge amount, but every dollar is already committed, based on the Fiscal Plan," said Maldonado. (Archive / GFR Media)
"That money seems a huge amount, but every dollar is already committed, based on the Fiscal Plan," said Maldonado. (Archive / GFR Media)

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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