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Al-Sabihi urges action on rising guarantee debt
The Social Security Corporation’s plan for the years 2024–2026 confirms that the accumulated debt owed by establishments and individuals amounts to approximately 1.3 billion dinars, despite the corporation’s efforts to settle part of it through installment agreements and rescheduling. The main challenges related to this debt include the involvement of official entities such as universities and municipalities, which deduct portions of employees’ salaries but do not fully remit them, thereby depriving the Social Security system of vital liquidity needed to increase returns and achieve financial sustainability. Additionally, the debt includes retirees and heirs due to failure to report changes in their status—such as the termination of dependent status or expiration of entitlement conditions—which leads to the accumulation of unpaid dues on the institution. Proposed solutions include coordinating with the Ministry of Finance for debt repayment, establishing mandatory repayment schedules, implementing electronic links with official entities for automatic data updates, and launching awareness campaigns for beneficiaries and institutions to prevent further debt accumulation. The success of the corporation’s strategy depends on collecting 1.2 billion dinars within a clear timetable and closing the loopholes that contribute to the growth of the debt.
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