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A Kuwaiti parliamentarian demands the return of his country’s deposits with Iraq: amounting to $815 million
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2023-09-21 01:02
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Shafaq News / On Thursday, Kuwaiti National Assembly member Osama Al-Shaheen called for good governance, rationalization, management and direction of foreign grants, loans and deposits, demanding the return of his country’s deposits and dues to other countries.
The Kuwaiti newspaper Al-Rai quoted Al-Shaheen as saying that he asked the Minister of Finance, Fahd Al-Jarallah, about the reasons for not recovering deposits due for payment from other countries.
Al-Shaheen added that he received an answer from the Minister of Finance to a previous question, which revealed that the value of Kuwaiti deposits in Arab countries amounts to more than two billion and 257 million dinars, distributed among 9 Arab countries, including 5 faltering countries.
He explained, according to the minister’s answer, that the total current Kuwaiti government deposits in Iraq alone, despite the precedent of the Iraqi invasion, the continued infringements and threats, and the violation of the recent agreement, amount to $815 million, due for payment in the month of December of the current year, 2023.
He stated that the total current Kuwaiti government deposits in the Republic of Egypt amount to $4 billion, half of which are due for payment this September. He was surprised by the Minister of Finance’s request not to disclose this data, stressing that the general principle is transparency and publicity to achieve oversight by public opinion and the nation’s elected representatives over matters. Government procedures and decisions and everything related to the state’s public treasury.
He indicated that he would ask a parliamentary question in light of this answer, from which it appears that the state has not succeeded in recovering any of the proceeds from those billion government deposits in Arab countries.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-09-21 01:02
Share
Font
Shafaq News / On Thursday, Kuwaiti National Assembly member Osama Al-Shaheen called for good governance, rationalization, management and direction of foreign grants, loans and deposits, demanding the return of his country’s deposits and dues to other countries.
The Kuwaiti newspaper Al-Rai quoted Al-Shaheen as saying that he asked the Minister of Finance, Fahd Al-Jarallah, about the reasons for not recovering deposits due for payment from other countries.
Al-Shaheen added that he received an answer from the Minister of Finance to a previous question, which revealed that the value of Kuwaiti deposits in Arab countries amounts to more than two billion and 257 million dinars, distributed among 9 Arab countries, including 5 faltering countries.
He explained, according to the minister’s answer, that the total current Kuwaiti government deposits in Iraq alone, despite the precedent of the Iraqi invasion, the continued infringements and threats, and the violation of the recent agreement, amount to $815 million, due for payment in the month of December of the current year, 2023.
He stated that the total current Kuwaiti government deposits in the Republic of Egypt amount to $4 billion, half of which are due for payment this September. He was surprised by the Minister of Finance’s request not to disclose this data, stressing that the general principle is transparency and publicity to achieve oversight by public opinion and the nation’s elected representatives over matters. Government procedures and decisions and everything related to the state’s public treasury.
He indicated that he would ask a parliamentary question in light of this answer, from which it appears that the state has not succeeded in recovering any of the proceeds from those billion government deposits in Arab countries.
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