Ministry of Finance receives 739,000 payment orders worth SAR 664 bln in Q3 2021

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The Ministry of Finance received a total of 738,610 payment orders worth SAR 664 billion from the public and private sectors in the third quarter of 2021, it said in a statement.

Payment orders of the public sector were valued at SAR 526.9 billion, accounting for 99% of the total orders. The ministry fulfilled SAR 2.3 billion orders.

On the other hand, the private sector payment orders accounted for 98%, or SAR 131.9 billion, out of the total payment orders received. The ministry fulfilled SAR 2.9 billion orders.

Payment orders worth SAR 125.59 billion were disbursed in 15 days after the orders were received, while SAR 5.5 billion worth of payment orders were disbursed from 16 to 30 days.

Moreover, SAR 799 million worth of payment orders were disbursed from 31 to 45 days.

A total of 56 payment orders are still undisbursed for the private sector, exceeding 45 days, due to court judgments.