No money to pay State sector salaries – Sabry tells Cabinet
Finance minister – Ali Sabry has informed the Cabinet that the country is nearing the maximum credit limit obtainable in the prevailing situation.
Speaking during the sudden Cabinet briefing held last Friday (06), the Finance Minister has pointed out to the cabinet that the government can borrow only Rs. 2.9 trillion and that the limit should be increased to Rs.04 trillion.
He has also stated that if the credit limit is not increased, there will be no money in the coffers to pay the salaries of public servants from next month.