Government expected to reject it
Parliamentary Finance Committee Representative Khalil Al-Saleh, disclosed that the committee agreed to the proposal to postpone the payment of consumer and installment loans in local banks, investment companies and financing companies subject to the supervision of the Central Bank, for a period of 6 months.
Al-Saleh added in a statement to Al-Jarida that they have also agreed to postpone the payment of the financial obligations owed to citizens by the defaulters fund, the family fund, the credit bank, the housing welfare institution and the social insurance institution
The cost of postponing loan installments for a period of 6 months exceeds KD 400 million and the government is expected to reject the proposal. The Parliamentary Financial and Economic Affairs Committee announced its approval of the proposal and submitted its report to vote on it
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