Finance Ministry: “No monetary financing”

“There is no monetary financing. The deficit of the State budget has been within the target figures of the International Monetary Fund (IMF),” said the Finance Ministry in a press release that was issued on Sunday. The monetary authorities (the Central Bank of Suriname (CBvS) and the Finance Ministry) made it clear that the current strict fiscal-monetary policy is aimed at getting a steady economy and stable exchange rates. The authorities constantly keep in mind that the government earns less income and that funds are only spent when it is absolutely necessary. Rebuilding the nation’s monetary reserve remains a top priority. The ministry also pointed out that clients of banks experience a credit crunch due to the government’s delay in payments to the banks. The authorities have therefore made individual agreements with the banks in order to lift the credit crunch soon.