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MP Alia Nassif warned against maintaining foreign loans associated with projects despite the presence of surplus revenues, indicating that insisting on keeping them is a cover for stealing public money.
Nassif said in a statement today, Saturday, that: "There is no justification for signing foreign loans to finance projects. The surplus achieved from these first six months of this year finances all loan projects (found on page 4, paragraph C in the budget), amounting to 3.1 billion dollars." He pointed out that "the projects that are carried out by direct referral and without bidding to search for quality and at the best prices are public corruption projects codified in the budget."
Nassif explained: "Keeping foreign and project-related loans is a cover for theft and bribery," noting that "a billion dollars out of the 3.1 billion dollars is financial corruption in prices to finance hundreds of millions of dollars in bribes, especially in the oil and electricity sectors."
And she continued: "We have said it before and we repeat it today. Whoever encourages keeping these loans is a partner in corruption, directly or indirectly, and therefore it must be canceled and the corrupt are cut off."
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