(AP Photo/Matt Rourke)

A U.S. Postal Service money-saving plan to stop delivery on Saturday has been scrapped, according to a statement from the service’s Board of Governors.

“The Board of Governors of the United States Postal Service met April 9th and discussed the Continuing Resolution recently passed by Congress to fund government operations. By including restrictive language in the Continuing Resolution, Congress has prohibited implementation of a new national delivery schedule for mail and packages, which would consist of package delivery Monday through Saturday and mail delivery Monday through Friday, and which would have taken effect the week of August 5, 2013,” said the board in a statement, referring to a stop-gap congressional budget resolution that prohibited the move.

Though the Postal Service is doing away with the plan, which it unveiled in February, the Board of Governors used the statement to make clear that it still wants to move towards ending Saturday delivery, which it says is a drag on the service’s precarious finances. The Postal Service lost $15.9 billion last year.

“The Board continues to support the transition to a new national delivery schedule. Such a transition will generate approximately $2 billion in annual cost savings and is a necessary part of a larger five-year business plan to restore the Postal Service to long-term financial stability. According to numerous polls, this new delivery schedule is widely supported by the American public. Our new delivery schedule is also supported by the Administration and some members of Congress,” it said in the statement.

“It is not possible for the Postal Service to meet significant cost reduction goals without changing its delivery schedule – any rational analysis of our current financial condition and business options leads to this conclusion.”

Last month the U.S. Government Accountability Office said that the Postal Service couldn’t legally cut service, at least not under the legal pretense the service cited in February.

In its statement, the Board of Governors said that it will now look at other options to reduce costs, including delivery rate increases and possible layoffs.