Director General of the Fund for Housing JD: We need 750 billion dinars to repay 9/28
Director General of the Fund for Housing JD: We need 750 billion dinars to repay borrowers transactions
BAGHDAD / Jassim al-Tai / .. Director General of the Housing Fund of the Ministry of Construction and Housing and public municipalities proof Bassam revealed the need for the housing fund to 750 billion dinars to repay borrowers transactions
Al-Bassam said in a statement singled out by the agency / JD / that currently is unable to pay the dues of the borrowers, which completed their transactions because of the lack of financial balance in the fund Fund, stressing that the instruments of the transactions and the amount of dues ready about 750 billion dinars.
And between: that the Fund received during this year 100 billion dinars in the 2015 budget and this amount is very small. Srvyate noting that the fund during the previous period ranging between 500 and 600 billion dinars annually.
Al-Bassam said that despite the lack of fund allocations of $ 100 billion this year, he bravely regardless 190 billion dinars during this year as a result of repayments by borrowers received by the Fund from previous years. He noted that Ajerouat Housing Fund received broad public resonance among citizens being granted interest-free home loans. Al-Bassam emphasized that in the case of the provision of funds through an agreement with the Iraqi Central Bank to allocate 850 billion dinars within the project lending to support the industrial, agricultural and residential sectors, the fund will be able to exchange transactions completed during the month.