The subcommittee of joint parliamentary committees, chaired by MP Ibrahim Kanaan, held its second session to examine the proposals for establishing an independent institution to manage state assets and a trust fund for preserving and managing these assets.
The committee continued its general discussion on the essence and background of the project, focusing on two main issues:
Management of State Properties: The need for a different management approach from previous practices was emphasized. MPs raised questions about the method, the state's role, supervisory authority, and mechanisms for oversight.
Deposits: There was a debate on the timing and relevance of addressing this issue within the proposed laws, especially before the government completes the process of allocating obligations, not losses, to key parties involved in the financial collapse and protecting depositors' rights. This matter is still under government discussion.
For his part, MP Kanaan stated, "The subcommittee will continue its work to find common ground among parliamentary blocs and independent MPs participating in the meetings, regarding the management of state assets. The goal is to enhance public service, secure citizens' rights, and improve the economy and state revenues, which, according to local and international studies, are far below potential under efficient, transparent, and properly supervised management."
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