💰 Financial Record

payment

Transaction Details

Amount

USD $100,000,000,000.0

Payer (From)

Government Linked to Government officials

Payee (To)

Contractors Linked to ["Caremaster Medical Services", "International Union of Operating Engineers", "TLC Companies", "Retail Industry Leaders Association", "AFL-CIO", "Associated General Contractors (AGC) of Iowa"]

Transaction Date

January 01, 2015

Description

Estimated maximum unpaid capex/arrears

Additional Details

Date string: 2015

Amount string: 100000000000

Source document: HOUSE_OVERSIGHT_016139.jpg

📄 Source Document

HOUSE_OVERSIGHT_016139.jpg

ESTATE Collection

View Document

Document Summary

A Merrill Lynch financial research paper (GEMs Paper #26) dated June 30, 2016, analyzing significant government arrears to contractors in Saudi Arabia (implied by currency SAR). The report discusses the economic impact of unpaid capital expenditures from 2015, proposes the use of IOUs to manage liquidity and distribute risk, and examines the potential role of the Saudi Arabian Monetary Authority (SAMA) in providing monetary accommodation. The document bears a House Oversight Bates stamp.

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