Economist: distribution of residential land with soft loans will bring economic development to the c

Economist: distribution of residential land with soft loans will bring economic
development to the community 

 Sunday, March 19, 2017 - 14:09

Counting economist haven secretary, the distribution of residential land with soft loans to project a positive step to achieve economic development if it moved away from corruption, calling for a prior study to inventory and land area and locations which can compromise by the ministry to make it to their employees housing.

The secretary, it was "in implementation of the directives of the prime minister distribution of land among the various segments of citizens, some ministries to transfer allocated to them in the basic design of the cities territory and that you no longer need the recipe public service to residential for distribution among its members sums easy employee can be secured or Tkst it a month for a period of five years. "

He noted that "the Ministry of Transport first implemented this approach in a number of provinces and Ministry of Finance and the Office of Financial Supervision and the Ministry of Construction and Housing and will follow a number of other ministries, stressing that the implementation of this approach bumpy road clouded the pitfalls of corruption, including the distribution of residential pieces to the wrong people or the distribution of fair, and that it must be within considerations of inspectors general and regulatory offices of the integrity Commission and other Almaossat to do right and make transparent the distribution process so that the employee's entitlement to obtain easily and smoothly. "

He called on the secretary to develop a prior study of the inventory of land and area and their locations, which could give them the ministry to make it to their employees housing so as not to affect the strategic plans of the Ministry and to enable it to increase its services to the citizens. The culmination of this approach from an economic perspective, it is counted ministries to those lands and their numbers are official and fundamentalist as a residential area for its employees, it is the many benefits the first of maximizing state revenues through the sale of property on its citizens at a time when the overall budget needs to be a new financial revenue is oil in conjunction with the war waged against our valiant Daesh terrorist gangs and relief to the displaced. "

Secondly, it sent a large check on a message that the state is seeking to please their citizens and meet their needs, and the third government contribution to the implementation of its plan to address the housing crisis deepening in decades in the country and the fourth is to revive the domestic economic situation by providing new jobs and re-wheel construction industries coefficient turnover and related construction materials as factories bricks, cement, plaster, plastic, electrical wiring, as well as carpentry and blacksmithing, aluminum plants and others.

He continued, "The thinking in the recovery of the economic situation of the segments of the society requires orientations and initiatives of the government to urge the production units and compel it to participate actively and must be followed by pumping cash blocks in the market process through the secured bank loans that would recycle funds in the local market for savings and new profit and mobilizing human potential and productivity. "

He pointed out that "the growing frequency distribution of residential land between segments of society and in all the provinces, which must be supported by financial loans will be a great boost for the national economy at a time should the government legalize the importation of goods that can be produced locally what drives owners laboratories to improve and increase their production in a market building it will reflect positively on opening the doors of a new work for skilled workers, engineers and everything related to operations of the construction of housing units. "

He said, "The infusion of cash blocs operations should be subject to scientific study takes into account the beneficiaries and the timings of time for use in the location and make the most of them interest.

And that "those loans would benefit the banks that will implement the loan process for beneficiaries, whether they are people or companies and will move money into the market of new construction and reconstruction of new residential neighborhoods.

The Cabinet, headed by Haider al-Abadi had announced last year a plan to distribute land to citizens in installments, while the Ministry of Transport announced the distribution of residential land for its staff in Basra after converting a piece of land registered under the ministry of public service to residential as well as the case of the Ministry of Construction and Housing and Ministry of Finance and the Office of Financial Supervision.

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