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Economist: Bank loans burden the state and the citizen at the same time
08:30 - 06/09/2020
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between the economist, Wissam Al-Tamimi, said that the situation and the banking system need to be rehabilitated and to move away from the large benefits when granting loans, pointing out that the loans issued by banks burden the state and the citizen at the same time.
Al-Tamimi told "the information", that "most citizens resort to banks in order to borrow, while most of these loans are granted to employees, which will create class differences between members of society."
He added that "the banking system needs to be rehabilitated, so that it works to attract the money inside the homes by granting profits and interest on the money deposited in banks, as well as the state benefiting from these funds in filling its budget deficit, thus achieving the benefit for the citizen and the state at the same time."
And that "the loans released by the banks strain the shoulders of the state, and that the citizen because of its depletion of the budget, and also imposed great interest up to 50% despite the fact that the repayment period is relatively large." 25 n
between the economist, Wissam Al-Tamimi, said that the situation and the banking system need to be rehabilitated and to move away from the large benefits when granting loans, pointing out that the loans issued by banks burden the state and the citizen at the same time.
Al-Tamimi told "the information", that "most citizens resort to banks in order to borrow, while most of these loans are granted to employees, which will create class differences between members of society."
He added that "the banking system needs to be rehabilitated, so that it works to attract the money inside the homes by granting profits and interest on the money deposited in banks, as well as the state benefiting from these funds in filling its budget deficit, thus achieving the benefit for the citizen and the state at the same time."
And that "the loans released by the banks strain the shoulders of the state, and that the citizen because of its depletion of the budget, and also imposed great interest up to 50% despite the fact that the repayment period is relatively large." 25 n
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