Officials expect revenues exceeding $ 100 billion from the sale of 600 thousand state-owned property

Officials expect revenues exceeding $ 100 billion from the sale of 600 thousand state-owned property 

1/28/16

The Iraqi government is considering the disposition of more than 600 000 drug thereof, to turn it into cash within its plan to cope with the financial crisis due to falling oil prices.
The Finance Committee and talked about the possibility for the government amounted to $ 150 billion from the sale of state property. It expresses its concern over the acquisition of parties and influential figures on the property at low prices.
On the other hand warns Deputy for the Sadrist movement of prejudice to the presidential palaces, saying it belongs to the people. It proposes converted into museums instead of selling them.
Finance Committee submitted earlier, several ideas to the government to get out of the financial crisis, including the sale of state property.
The size of the state Real Estate
In turn reveals a government source familiar with (long) condition of anonymity, was not authorized to declare, that "the state has about 600 000 real estate across the country."
The Finance Committee revealed, the end of last year, about 15 government proposals include a paragraph to provide 400-500 million dollars to the state treasury.
He described the members of the Commission proposals as "practical and realistic", pointing to the possession of the Municipality of Baghdad about 38 000 drug that will support the federal budget.
For his part, predicted Masood Haider parliamentary member of the Finance Committee, in connection with the (long) "to achieve about $ 150 billion from the sale of state property."
The government is facing a real crisis with the decline in oil prices to below the US $ 30, before returning this week to exceed the threshold of $ 38.
And passed the House of Representatives, the end of last year, the budget of 2016, which exceeded 105 trillion dinars, and a deficit estimated at $ 20 billion.
And Masood Haider MP warns of "the loss of the amounts that will be realized from the sale of real estate if you go without a rational management of the funds also calls for the prime minister Haider al-Abadi."
Presumably member of the Finance Committee that "the government establish mechanisms for sale in a way that does not allow parties and influential figures from the acquisition of such property pittance".
But Kurdish lawmaker did not expect to be sold this large amount of real estate in a short time, due to the lack of state to inventory and evaluate these properties before selling them at auction.
However, the property of the parties
And holds a number of political parties and currents on a large number of government property. Parliamentary Integrity Commission is of the view that "70% of the state property sold during the past years in a way is not clear."
So called MP Majda al-Tamimi, a member of the Finance Committee, in an interview with the (range), the government has to issue lists the number of real estate and the nature of the people who occupy some of them rented.
The informed sources revealed, last August, a government decision to limit the duration of the leases real estate green and around the region, the duration of not more than three years.
The sources said at the time that the government has decided to be "the conclusion of leases in the green and its surrounding area for only one year, renewable for two years that the term not exceeding three years."
And stresses MP Majda al-Tamimi as "the government would monitor the sale of such real estate or lease of fear displayed at below-market prices."
She said a member of the Liberal bloc "I'm not selling government with huge villas and buildings or shops, but with the intervention in the process of investment and rent, rather than the loss of money."
Tamimi expects to "go sell state property returns to the salaries and expenses of a private security ministries will not enter into investment."
The fate of Saddam's palaces
And member of the Finance Committee warns of the "former regime palaces sale", saying it "properties of the people and can be converted into museums and get a daily imports of visitors."
Estimates of Saddam's palaces in Iraq, according to specialists, about 1000 Palace 0.200 of which only inside Baghdad, turning mostly to the offices of party and government.
The government confiscated after 2003 about 3 thousands of real estate property of symbols and officials of Saddam's regime who were occupying high positions in the military command or organizations of the Baath Party and the security services.
In the meantime, we expect Hossam Ghorabi MP, member of the Finance Committee, that "the move amounts derived from the sale of state property and help banks withdraw funds chunky among the citizens."
The oil minister Adel Abdul Mahdi, recently spoke about the existence of critical mass ranging from 30-40 trillion dinars However citizens.
Abdul-Mahdi promised that money as a "hoarding" What did not enter the economic cycle or banks, and called on the government to entice citizens to enter the money supply in the economic cycle.
The Minister of Oil, in an article he wrote recently, that "the state owns the assets of tens and hundreds of trillions of dinars from in-kind assets, and real estate assets, and land and plants are idle, and buildings experience and assets of the neglected, and the investments lost to mismanagement."
And confirms Ghorabi (range), that "the sale process Akart state needs to transparency and display property is just for advertising in different ways."
Student and member of the Finance Committee the government to "identify areas of property and the disclosure of those who exceed some of them, whether they are citizens or parties."


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