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Al-Sabihi: Government owes nearly 12 billion dinars to Social Security
Insurance expert Mosa Al-Subihi warned about the excessive reliance of the Social Security Corporation on its investments in government debt instruments, particularly bonds, which currently constitute approximately 60% of its assets. He called for a gradual plan to reduce the government bond investment proportion from 60% to 35% over seven years to decrease the risks associated with investment concentration and to achieve better diversification of the investment portfolio. Al-Subihi proposed halting new subscriptions to the government investment fund and restructuring the corporation's investments with the aim of directing liquidity toward strategic national projects, such as renewable energy, water, and technology sectors, to boost economic growth and create job opportunities. He emphasized maintaining the sustainability of subscribers’ funds and reducing long-term financial risks.
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