Finance committee accuses govt. of 'illegally' spending from SDRs
The Finance and Budget Parliamentary Committee convened Monday to discuss the legality of the government's spendings from the $1.139 billion in Special Drawing Rights (SDRs) disbursed by the International Monetary Fund.
The committee's head, MP Ibrahim Kanaan, said after the meeting that the committee has decided to refer the SDR file to the Audit Bureau, accusing the government of spending illegally from the SDR without the parliament's approval and supervision.
“We have decided to refer the SDR file to the Audit Bureau because it violated the law, as the government has spent through private accounts at the Central Bank and hasn't resortet to Parliament to legalize spending," Kanaan said.
"The government and the Central Bank do not have the right to open accounts without going through the treasury,” he added.