The government had initially planned to offer Lloyds shares to retail investors this spring, but George Osborne postponed the sale in January, blaming "turbulent markets".
The announcement came as the government received a dividend payment from Lloyds of £130 million, taking total dividends received to £318 million.
The latest dividend payment takes the total recovered to over £16.8 billion.
Economic Secretary to the Treasury, Harriett Baldwin, said: "The £130 million we’ve received today marks another milestone in government’s plan to recover the money taxpayers were forced to put into Lloyds during the financial crisis.
"The government has already recovered over 80% of its original investment in Lloyds and today’s dividend payment takes the amount we’ve recovered from the bank to over £16.8 billion.
"I am determined to build on this success by making Lloyds shares available to the public this year, so that we can build a share-owning democracy and continue to reduce our national debt."
