Complete liquidation of debt of state institutions is impossible

16:09 - 2.06.2023

June 2, Fineko/abc.az. Most of the accounts receivable relate to advance payments, ABC.AZ reports, quoting Finance Minister Samir Sharifov.

According to the minister, organizations financed from the State Budget, when making purchases, receive advance payments for services rendered to them.

"These advance payments are recouped during the execution of the contract. Most of the accounts receivable relate to advance payments. In this regard, the complete liquidation of accounts receivable is impossible,” the minister added.