‘SSIF is biggest lender to government’

(Photo: Jordan News)
AMMAN — Security and social protection expert Mousa Al-Sbeihi said that the Social Security Investment Fund (SSIF) is the biggest loaner, “internally”, to the government, according to Ammon News.اضافة اعلان

Sbeihi stated on his Facebook page on Saturday that the government would have had serious difficulties borrowing huge amounts of money internally had there not been for SSIF. 

SSIF CEO Kholoud Saqqaf “acknowledged this fact with absolute transparency”, Sbeihi stated, pointing out that without the SSIF, the government would have never borrowed the more than JD6.5 billion internally, in the form of “bonds”, which is the current sum of the government written bonds at the SSIF. 

Sbeihi added that SSIF improved the government’s ability to “borrow internally” by offering it treasury bonds. SSIF is the biggest authority to keep such bonds, which make up more than 57 percent of its assets. This means that SSIF is not only the investment arm of the Social Security Corporation, but also the biggest internal lender to the government.

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