The government commits bank Rafidain and Rasheed promoting small loan transactions

The government commits bank Rafidain and Rasheed promoting small loan transactions

The cabinet voted on Tuesday to approve a recommendation on exempting taxpayers to pay tax penalties and accrued interest on their debts, and while committed bank Rafidain and Rasheed promoting micro - credit transactions in accordance with the mechanism adopted, approved the implementation of the 202 service project in Nineveh province in coordination with the International Support Group.

Information Office of the Prime Minister said in a statement , "Economy News" received a copy of it, that " the Council of Ministers held on Tuesday, its regular , headed by Haider al - Abadi," noting that " the Council voted to approve the draft trade unions and professional associations law and submit it to the House of Representatives, voted on adoption of the recommendation of the Committee on economic Affairs on taxpayers to pay the tax exemption of fines and accrued interest on their debts. "
The statement added that " the Council issued a directive regardless of the amount of 30 billion dinars , agricultural, veterinary and fertilizers for the prevention that provides an account for the expense of farmers to support and provide revenue veterinary and prevention departments for the year 2017," pointing to "guidance follow - up and project financing breakwater in addition to the adoption of implementation of 202 projects SOA services water, electricity, sewage , municipal services, health and education in Nineveh province in coordination with the international support Group ".

He continued, " The Council voted on small loans and approve the recommendation of the Committee on Economic Affairs, containing the approval of the acceptance to ensure that the sponsor guarantor of state employees for loans granted by private banks to the borrowers of the staff," he said . "In the event of a breach of the borrower guaranteed his commitment to repay the loan , the Ministry or entity is associated with Ministry to recover the outstanding loan amount of the employee 's sponsor to sponsor the employee submit a written undertaking to the bank creditor to approve the deduction of the amounts of Roatbh when a breach of the debtor to pay the debt earned his trust. "

And between that, "it was required to bank Rafidain and Rasheed promoting micro - credit transactions in accordance with the mechanism approved in addition to private banks," adding that " the Board directed by the Ministry of Finance to launch funding for allocations earmarked medicines within the Ministry of Health Center in 2017 in the light of the books received from the Ministry of Health month which , including the share of the Kurdistan region contained in the draft agenda Quaon the general budget for the year 2017 ".


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