During the ongoing Parliament’s Finance Committee meeting, Minister stressed that the cash flow is being managed on a day to day basis. “Budget financing is the issue. It’s extremely difficult to finance such a wide gap. Even if we open treasury bills, the banks aren’t willing to invest in T-bills. So we are facing quite a lot of difficulties,” Minister explained. The Finance Minister further said that even now there are T-bills worth MVR5.3 billion and would face a deficit of the same amount if the T-bills are not rolled-over. “Every day of every week we speak to the banks and roll-over those T-bills. If we don’t succeed the deficit will only increase,” Jihad said. Minister also pointed that under the present agreement a public bank can only purchase T-bills up to MVR100 million and added that this was an issue in itself. “So we are managing under such adverse conditions. The loans included in the budget are such that it would be impossible to finance without them,” he added.