The government’s financial advisor reveals the fate of funds recovered from corrupt individuals.
The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Tuesday that the funds recovered from corrupt individuals represent exceptional revenues that cannot be relied upon in preparing public budgets. He indicated that these funds will contribute to reducing the deficit gap and financing projects. Salih told the official news agency, “The funds recovered from corrupt individuals are important and non-recurring exceptional revenues, as they cannot necessarily and permanently be relied upon in preparing public budgets. However, they constitute an important source of revenue in financial planning.”
He continued, “These funds are often directed towards bridging the deficit gap or financing specific projects that directly affect people’s lives, or strengthening the country’s financial reserves, and not towards building the annual budget within a long-term financial policy, because that is linked to the ceilings and capabilities of financial policy within the framework of preparing and implementing public budgets.”
He also stressed that “recovering corruption funds is important because it reduces financial waste, supports the public treasury, and enhances the confidence of citizens, investors, and the international financial community in the country’s economic system,” noting that “funds recovered from corrupt individuals represent an important support tool for the national economy, but they are not necessarily a complete replacement for the general budget, as this depends on the size and ceilings of public spending.” Corporate& Financial Crime
Burathanews.com