surplus cash

The government had been entitled to half the surplus cash in the fund under a deal struck by the government when British Coal was privatised in 1994 - receiving £4.8bn over the last 30 years.

From the pension scheme, the government is entitled to half the surplus cash in return for guaranteeing its cash value, under an agreement signed 30 years ago.

For one, the company's balance sheet suggests it might not have enough surplus cash to make good on its promise.

The state already plans to pay cash for new buildings and equipment in the upcoming budget, instead of borrowing as normal, reflecting billions in surplus cash Georgia has built up in recent years.

The government is entitled to half the surplus cash from the scheme under an agreement signed 30 years ago.