Stock of unpaid debts by Algerian public companies put at $5 billion
The "shady debts" accrued by private firms from public banks will never be streamlined by the Treasury department, already confronted to a "huge bill" from public companies' debts, Algeria Finance Minister, Abdellatif Benachenhou said on Wednesday.
"The State will never streamline the private sector's shady debts," the minister declared, according to APS.
According to Benachenhou, the stock of unpaid debts by public companies is "unbearable," reaching some AD330 billion (about $5 billion), in spite of the many financial streamlining operations carried out for two decades.
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