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[size=36]The Cabinet approves increasing the ceiling on the lending amount for the Housing Fund[/size]
Political | 06:53 - 01/14/2024
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Mawazine News - Baghdad
The Council of Ministers agreed to increase the ceiling of the loan amount for the Iraqi Housing Fund for beneficiaries of purchasing housing units from complexes that will be constructed exclusively by companies of the Ministry of Construction, Housing, Municipalities and Public Works, to be one hundred million dinars for each housing unit, and to increase the loan period to purchase the aforementioned housing units. 20 years ago,
and the office of Prime Minister Muhammad Shiaa Al-Sudani stated in a statement received by Mawazine News that he “chaired, today, Sunday, the third regular session of the Council of Ministers, during which a number of general political situations, service, economic and social files were discussed, And follow up on the progress of the government program, and the implementation of its paragraphs and articles, and on the various performance axes, in addition to deliberating on the topics on the agenda and taking the necessary decisions regarding them.
He added that in the field of financial management, the Council of Ministers approved financing the Kurdistan region of Iraq, according to the federal general budget. For the year 2024 and according to actual spending, in the amount of (618587029346) dinars, for the month of January 2024.
He pointed out that “within the framework of implementing the priorities of the government program and following up on housing provision solutions, the Council of Ministers agreed to increase the ceiling of the lending amount to the Iraqi Housing Fund for beneficiaries of purchasing housing units from complexes.” Which will be constructed exclusively by companies of the Ministry of Construction, Housing, Municipalities and Public Works, to be one hundred million dinars for each housing unit, and the duration of the loan to purchase the aforementioned housing units will be increased to (20) years, based on the provisions of the aforementioned Fund Law (32 of 2011), and that it will be implemented. This decision is effective from the date of its issuance.
In order to follow up on service projects and avoid any delay, the Council of Ministers approved the following recommendations from the Ministerial Council for Social Services:
1- Recommendation (24004 H), which includes approving the recommendation of the Central Committee for Review and Approval of the referral by its decision (95) taken at its (22nd) session held on April 4. December 2023, which includes canceling the decision to withdraw work for the second time from the contractor (Al-Mazood General Contracting Company Limited) to whose custody the Al-Buaji and Al-Gharan M2/Wasit Road maintenance and rehabilitation project was assigned, and authorizing the Ministry of Construction, Housing and General Municipalities (the Central Committee for Review and Approval of the Referral) to do so.
2- Recommendation (24003 Kh), which includes approving the recommendation of the Central Committee for Review and Approval of the Referral in its Resolution (92) taken at its (21) session held on November 29, 2023, which includes canceling the decision to withdraw the work for the second time from the contractor (Nabih Ismail General Contracting Company) The work of the Sindhi Concrete Bridge Project was assigned to him, and the Ministry of Construction, Housing and Public Municipalities (the Central Committee for Review and Approval of the Assignment) was authorized to do so.
3- Recommendation (24002 KH), which includes approval to own the area (4500) square meters of the plot of land numbered (100/4) located in the Sikanyan area in the Kirkuk Governorate, to the Chaldean Diocese of Kirkuk and Sulaymaniyah, at a reduction of 50% of its real value and the amortization of the 50%. The remainder, after being valued by the State Real Estate Department.
Within the service aspect and follow-up of infrastructure projects, the Council of Ministers approved the following:
1- Increasing the reserve percentage for the component (Supplementary Works of Al-Rifai Sewage Treatment Plant) by (37.1%) after rounding to become (47.1%) instead of (10%).
2- Increase the total cost of the component referred to in the first paragraph by (16,478,563,400) dinars, just sixteen billion four hundred and seventy-eight million five hundred and sixty-three thousand and four hundred dinars, to become (66,675,525,100) dinars, sixty-six billion six hundred and seventy-five million five hundred And twenty-five thousand and one hundred dinars, instead of (50,196,961,700) dinars, only fifty billion, one hundred and ninety-six million, nine hundred and sixty-one thousand and seven hundred dinars.
3- Increasing the total cost of the Al-Rifai sewer project by (17,178,959,929) dinars, just seventeen billion one hundred and seventy-eight million nine hundred and fifty-nine thousand nine hundred and twenty-nine dinars, to become (77,621,168,929) dinars, seventy-seven billion six hundred and twenty-one million one hundred and eight Sixty thousand nine hundred and twenty-nine dinars, instead of (60,442,209,000) dinars, only sixty billion, four hundred and forty-two million two hundred and nine thousand dinars, with an increase of (28.42%) over the total adjusted cost.
4- Establishing delays and delays in unjustified procedures in project management, and the Ministry of Construction, Housing, Municipalities and Public Works bears the validity and accuracy of the information and responsibility for prices and specifications, as it is the competent authority.
The Council considered a number of topics on its agenda, and took the following decisions regarding them:
First: Approval of the exception of the Ministry of Industry and Minerals / General Company for Food Products, from Council of Ministers Resolution (275 of 2017) regarding the sale of expired food fat and stored surplus quantities. It has to be used in the soap industry, based on the amended Law on the Sale and Rent of State Funds (21 of 2013), with a commitment that the use of this material in the soap industry shall be exclusively to the companies and factories specialized in this field, after confirming their competence through the procedures established by the law, According to the letter of the Ministry of Industry and Minerals on November 29, 2023.
Second: Amending Paragraph (1) of the Council of Ministers Resolution (23530 of 2023) regarding increasing the capital of the House of Cultural Affairs to become as follows: Approval of increasing the capital of the House of Cultural Affairs/Ministry of Culture, headquarters From the Federal Office of Financial Supervision and the Committee for Determining Corporate Capital in the Ministry of Finance, to become (3,323,773,000) dinars, only three billion three hundred and twenty-three million seven hundred and seventy-three thousand dinars, instead of (15) million dinars, based on the provisions of Article (10). Of the Public Companies Law (22 of 1997) as amended.
Third: Approval to authorize the Minister of Foreign Affairs to negotiate and sign a memorandum of understanding for mutual exemption from entry visas for holders of diplomatic passports, between the Ministry of Foreign Affairs of the Republic of Iraq and the Ministry of Foreign Affairs, African Cooperation and Moroccans Residing Abroad in the Kingdom of Morocco, based on Cabinet Resolution (245 of 2022). ), taking into account the recommendations of the Legal Department of the General Secretariat of the Council of Ministers.
The Council of Ministers agreed to increase the ceiling of the loan amount for the Iraqi Housing Fund for beneficiaries of purchasing housing units from complexes that will be constructed exclusively by companies of the Ministry of Construction, Housing, Municipalities and Public Works, to be one hundred million dinars for each housing unit, and to increase the loan period to purchase the aforementioned housing units. 20 years ago,
and the office of Prime Minister Muhammad Shiaa Al-Sudani stated in a statement received by Mawazine News that he “chaired, today, Sunday, the third regular session of the Council of Ministers, during which a number of general political situations, service, economic and social files were discussed, And follow up on the progress of the government program, and the implementation of its paragraphs and articles, and on the various performance axes, in addition to deliberating on the topics on the agenda and taking the necessary decisions regarding them.
He added that in the field of financial management, the Council of Ministers approved financing the Kurdistan region of Iraq, according to the federal general budget. For the year 2024 and according to actual spending, in the amount of (618587029346) dinars, for the month of January 2024.
He pointed out that “within the framework of implementing the priorities of the government program and following up on housing provision solutions, the Council of Ministers agreed to increase the ceiling of the lending amount to the Iraqi Housing Fund for beneficiaries of purchasing housing units from complexes.” Which will be constructed exclusively by companies of the Ministry of Construction, Housing, Municipalities and Public Works, to be one hundred million dinars for each housing unit, and the duration of the loan to purchase the aforementioned housing units will be increased to (20) years, based on the provisions of the aforementioned Fund Law (32 of 2011), and that it will be implemented. This decision is effective from the date of its issuance.
In order to follow up on service projects and avoid any delay, the Council of Ministers approved the following recommendations from the Ministerial Council for Social Services:
1- Recommendation (24004 H), which includes approving the recommendation of the Central Committee for Review and Approval of the referral by its decision (95) taken at its (22nd) session held on April 4. December 2023, which includes canceling the decision to withdraw work for the second time from the contractor (Al-Mazood General Contracting Company Limited) to whose custody the Al-Buaji and Al-Gharan M2/Wasit Road maintenance and rehabilitation project was assigned, and authorizing the Ministry of Construction, Housing and General Municipalities (the Central Committee for Review and Approval of the Referral) to do so.
2- Recommendation (24003 Kh), which includes approving the recommendation of the Central Committee for Review and Approval of the Referral in its Resolution (92) taken at its (21) session held on November 29, 2023, which includes canceling the decision to withdraw the work for the second time from the contractor (Nabih Ismail General Contracting Company) The work of the Sindhi Concrete Bridge Project was assigned to him, and the Ministry of Construction, Housing and Public Municipalities (the Central Committee for Review and Approval of the Assignment) was authorized to do so.
3- Recommendation (24002 KH), which includes approval to own the area (4500) square meters of the plot of land numbered (100/4) located in the Sikanyan area in the Kirkuk Governorate, to the Chaldean Diocese of Kirkuk and Sulaymaniyah, at a reduction of 50% of its real value and the amortization of the 50%. The remainder, after being valued by the State Real Estate Department.
Within the service aspect and follow-up of infrastructure projects, the Council of Ministers approved the following:
1- Increasing the reserve percentage for the component (Supplementary Works of Al-Rifai Sewage Treatment Plant) by (37.1%) after rounding to become (47.1%) instead of (10%).
2- Increase the total cost of the component referred to in the first paragraph by (16,478,563,400) dinars, just sixteen billion four hundred and seventy-eight million five hundred and sixty-three thousand and four hundred dinars, to become (66,675,525,100) dinars, sixty-six billion six hundred and seventy-five million five hundred And twenty-five thousand and one hundred dinars, instead of (50,196,961,700) dinars, only fifty billion, one hundred and ninety-six million, nine hundred and sixty-one thousand and seven hundred dinars.
3- Increasing the total cost of the Al-Rifai sewer project by (17,178,959,929) dinars, just seventeen billion one hundred and seventy-eight million nine hundred and fifty-nine thousand nine hundred and twenty-nine dinars, to become (77,621,168,929) dinars, seventy-seven billion six hundred and twenty-one million one hundred and eight Sixty thousand nine hundred and twenty-nine dinars, instead of (60,442,209,000) dinars, only sixty billion, four hundred and forty-two million two hundred and nine thousand dinars, with an increase of (28.42%) over the total adjusted cost.
4- Establishing delays and delays in unjustified procedures in project management, and the Ministry of Construction, Housing, Municipalities and Public Works bears the validity and accuracy of the information and responsibility for prices and specifications, as it is the competent authority.
The Council considered a number of topics on its agenda, and took the following decisions regarding them:
First: Approval of the exception of the Ministry of Industry and Minerals / General Company for Food Products, from Council of Ministers Resolution (275 of 2017) regarding the sale of expired food fat and stored surplus quantities. It has to be used in the soap industry, based on the amended Law on the Sale and Rent of State Funds (21 of 2013), with a commitment that the use of this material in the soap industry shall be exclusively to the companies and factories specialized in this field, after confirming their competence through the procedures established by the law, According to the letter of the Ministry of Industry and Minerals on November 29, 2023.
Second: Amending Paragraph (1) of the Council of Ministers Resolution (23530 of 2023) regarding increasing the capital of the House of Cultural Affairs to become as follows: Approval of increasing the capital of the House of Cultural Affairs/Ministry of Culture, headquarters From the Federal Office of Financial Supervision and the Committee for Determining Corporate Capital in the Ministry of Finance, to become (3,323,773,000) dinars, only three billion three hundred and twenty-three million seven hundred and seventy-three thousand dinars, instead of (15) million dinars, based on the provisions of Article (10). Of the Public Companies Law (22 of 1997) as amended.
Third: Approval to authorize the Minister of Foreign Affairs to negotiate and sign a memorandum of understanding for mutual exemption from entry visas for holders of diplomatic passports, between the Ministry of Foreign Affairs of the Republic of Iraq and the Ministry of Foreign Affairs, African Cooperation and Moroccans Residing Abroad in the Kingdom of Morocco, based on Cabinet Resolution (245 of 2022). ), taking into account the recommendations of the Legal Department of the General Secretariat of the Council of Ministers.
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