Minister of Finance and Minister of State for Investment Affairs, Abdel Wahhab Al-Rasheed, revealed that 15,947 citizens benefited from the Fund for Addressing the Situation of Citizens Defaulting on Repaying Consumer and Installment Loans to Banks and Investment Companies.
In response to a parliamentary question by MP Dr. Muhammad Al-Mahan, Al-Rasheed stated that the total amounts disbursed from the fund was 370,159,856 dinars, and the remaining is 129,840,000, reports a local Arabic daily.
He indicated Article 2 of Law 51/2010 stipulates that this fund be financed from the state’s general budget not exceeding 500 million dinars.
He pointed out that no new segments of debtors were added to benefit from the law, explaining that the total value of monthly collections from the beginning of the fund’s establishment until the end of October 2022 was 152.217 million dinars.
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