Al-Tarawneh rejects 172m dinar social funds in Amra City
An article in Zada Jordan newspaper discussed the rejection by Muhammad Saleh Al-Tarawneh, the former General Director of the Social Security Corporation, of investing the Social Security Fund's 172 million dinars in the New Umrah City project. He clarified that the Fund's funds have a special nature and are not subject to government control, emphasizing the necessity of separating the management of its funds from governmental interference. He pointed out that his study on the experiences of establishing new cities revealed that 80% of such projects have failed, while 20% have succeeded under certain conditions, such as the presence of clear economic resources. Al-Tarawneh also criticized the inclusion of infrastructure within the project, noting that investing public funds in it poses a risk. Additionally, he addressed the proposed amendments to the Social Security Law, accusing the government of seeking to improve the actuarial study results at the expense of future contributors, especially given the relatively low investment returns—ranging between 5% and 6%—compared to other countries where returns can reach 16%.
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