Between the bonds and put up private-sector support

Between the bonds and put up private-sector support

3/23/2016 0:00

Mohammed Sharif Abu Mayssam

everyone awaits what will lead him promises procedural steps imposed by the fiscal deficit situation caused by the drop in oil prices and the war on terrorism and the nature of the government program that tend toward liberal market and take over the private sector to the general economic activities package. Plug the central bank is determined to put government bonds $ 1.5 trillion dinars for the Ministry of Finance in order to repay part of the deficit in the general budget and thus withdraw part of the storehouse of financial bloc in homes and recycled in the local market, and the Council of Ministers is a plan based on realistic program , according to the document comprehensive reform of the ministerial change launched by the Council to ensure increased revenue is petroleum ensure double that during the years 2016 and 2017, while businessmen and workers waiting in the industrial and agricultural sectors to activate the central bank for banks specialized loan after being part of the loan in favor of the Land Bank and the Fund for Housing. the face of recession , it is very important steps to counter the recession and the fiscal deficit and activating the role of the private sector in the gross domestic product. the good did the central bank, as it identified the sale of bonds one month runs from the fifteenth of this March and ends on the fifteenth of April next year , where will be sold these bonds at rates discount and a coupon of 6 percent a year for a period of two years is double the rate of twice the value of Sindh single during the trading of the bond period, and this is what Cecil him to dribble the corrupt and powerful people to move on subsidized loans and get some of them through their effects authoritarian and functional and try to buy a larger amount of bonds to benefit from the difference in interest rates. the benefit of the banks , where will give the central loan by specialized banks an interest rate of 4 percent is certainly the electronic mechanisms will not prevent access influential through specialized banks a window to get these loans that will reach amounts to about 20 billion dinars per loan .. through our observation of the scene, it does not seem that the central loan to specialized banks will enter into force in this period due to the reluctance of these banks in the preparation of cadres to implement the granting of loans electronically, and that you were able to embark on the granting of these loans, the grant for completion of statements on projects and measures to detect guarantees and booking it will take time, which is not enough to launch the exchange in the sale of the bond measures, what reduces the inability to recruit some of the funds these loans to buy bonds. loan guarantees , however , that the irony in the central announce the launch of the bonds lies in the acceptance of the use of these bonds as collateral for loans described the central statement characterization of the «financial facilities» without excludes subsidized loans as the banking facilities are often granted at rates high interest rates may exceed 10 percent, while ensuring the central contract with paragraph specialized banks pointed to the application of the terms of lending and documentation under applicable in these banks controls. Securities and known to be specialized banks accept securities in documenting guarantees and therefore of money owns can buy these bonds interest rate of 6 percent (creditor) and submit them as collateral for a large loan interest rate of 4 percent (debtor) shall be the difference 2 percent in favor of getting the loan, the longer this support additional capital, not the private sector that deserves support, the one who owns money being able to buy bonds worth 20 billion dinars , for example , does not need to loan this money to finance industrial or agricultural activity. bond purchases It is important to draw attention also to the possibility of hiring other subsidized loans , such as the agricultural initiative that lasts awarded under the budget instructions for the year 2016 from recoveries of loans granted at interest rates of 2 percent in the purchase of bonds, and the names of non - recipients of those loans names, especially that the loans granted and the grant mechanism is electronic. What it will add a new factor of the factors that contributed to the go of some of those loans to non - targets. Requires tighter control and follow - up backed by all forms of loan projects and compel owners fines in cases of non - implementation of the project. Realistic program and build on what the progress Cabinet plan based on «a realistic program» , according to what has been announced which are aimed at ensuring the increasing non - oil revenues and doubled during 2016 and 2017 should be studied in the applied aspects that do not bear the burdens and the poor and middle classes exclusively through a strict austerity program to calculate the powerful and the corrupt and the owners of the money that matured on the expense of public money capital, under the pretext of supporting the private sector and the financing of the budget deficit.

businessmen and workers waiting in the industrial and agricultural sectors to activate the central bank for banks specialized loan after being part of the loan in favor of the Land Bank and the Fund for Housing. the face of recession , it is very important steps to counter the recession and the fiscal deficit and activating the role of the private sector in the gross domestic product.

Securities and known to be specialized banks accept securities in documenting guarantees and therefore of money owns can buy these bonds interest rate of 6 percent (creditor) and submit them as collateral for a large loan interest rate of 4 percent (debtor) shall be the difference 2 percent in favor of getting the loan, the longer this support additional capital