Greece has denied it will fail to pay a multi-million pound loan following reports it has drawn up plans to introduce parallel drachma currency to pay domestic bills . The country is due to repay a £330million loan to the International Monetary Fund on Thursday but there were concerns the heavily indebted nation would default on the payment . Deputy finance minister Dimitris Mardas said that Greece will in fact make the payment on time . Greece has denied it will miss a repayment of £330million to the International Monetary Fund after reports it had drawn up plans to introduce a parallel drachma currency to pay its bills . He said : 'We strive to be able to pay our obligations on time . We are ready to pay on April 9 . ' Sources close to the ruling Syriza party claimed the government was prioritising paying wages and pensions over any loans due , according to the Telegraph . It reported that the nation no longer has the funds to repay the debt unless the eurozone agrees to pay the next portion of its interim bail-out deal in time . A senior official told the newspaper : 'We are a Left-wing government . If we have to choose between a default to the IMF or a default to our own people , it is a no-brainer . 'We may have to go into a silent arrears process with the IMF . This will cause a furore in the markets and means that the clock will start to tick much faster . ' German magazine Der Spiegel quoted . a finance ministry general secretary , Nikos Theocharakis , as . saying Greece would probably not pay next week 's IMF tranche , . prompting a further denial from the Greek finance ministry . Theocharakis said Greece would be 'close to the end ' on . April 9 and called the technical teams from its creditors . 'completely useless , ' according to an extract of the article due . to be published on Saturday . 'Mr . Theocharakis never characterised the technical teams of . the institutions with the phrase attributed to him , ' the . ministry said in a statement . 'On the contrary ... he referred . to them as saying they include 'top-notch people with impressive . skills . '' Deputy finance minister Dimitris Mardas ( pictured ) said that Greece will in fact make the payment on time . Germany 's Spiegel Online quoted Belgian Finance Minister . Johan Van Overtveldt as saying that Greece postponing the . repayment due on April 9 was 'out of the question ' , otherwise a. Greek exit from the eurozone could no longer be ruled out . He said the Eurogroup would not release further funds to . Greece until Athens implemented some of the reforms it had . promised . Athens has not received bailout funds since August last year . and has resorted to measures such as borrowing from state . entities via repo transactions to tide it through the cash . crunch . The government is hoping approval of its latest reforms . package will unlock remaining aid of 7.2 billion euros under its . EU/IMF bailout and lead to the return of about 1.9 billion euros . in profits made by the European Central Bank on Greek bonds . Mardas said , without providing figures , that state revenue . in March had topped targets and that the government had made . progress in talks with lenders on its latest reforms list . German Chancellor Angela Merkel has said Greece would . receive fresh funds only once its creditors approve the reforms . Athens has presented .
Greece is due to repay £ ##500 loan to the International Monetary Fund . There were concerns heavily indebted nation would default on debt . Deputy prime minister Dimitris Mardas claims Greece will meet demand . It was reported nation did n't have funds to repay debt without payment .