The Ministry of Finance has clarified the reported USD7 million in compensation for losses in the latest fiscal report does not signify the approved amount for release by the current administration.
In a statement, the ministry denied claims that the current administration had disbursed USD7 million in compensation as of November 17-30, with the change of government. While the latest weekly fiscal development report released by the ministry did list USD7 million as compensation, the ministry stated that no funds have been released or processed so far. The reported amount in the fiscal report is contingent on transactions posted to the public accounting system, particularly in connection with an international arbitration process.
The ministry not only addressed decisions made by the current administration to compensate various parties from the state budget but also highlighted its resolution to release funds tied to cases where the state received unfavorable judgments in international arbitration. The amounts specified in the report represent transactions recorded in the public accounting system, encompassing disbursement scenarios such as installment payments and partial settlements to specific parties.
Furthermore, the ministry underscored the dissolution of the Settlement Committee after the assumption of office by the current administration. Cases previously within the committee's jurisdiction are currently under review, guided by the input of the Attorney General. The clarification aims to provide a comprehensive understanding of the fiscal landscape and the government's stance on reported compensations.