Saleh: Project Housing Fund will raise economic growth rates

12:36, March 22, 2016

Opinion economy

Economic Adviser to the Prime Minister emphasized the appearance of Mohammed Saleh, said on Tuesday that Iraq and because of the economic crisis, needs a strong push to stimulate the market and raise economic growth rates.
Saleh said that the economic growth rates of the day without a ratio of 2%, this means that Iraq has a recession and unemployment is estimated at 25%, indicating that the start revitalization of industry and agriculture sectors is difficult and take a long time.
He noted that the state has chosen the most influential sector to supplement the economy, a construction which usually absorbs 20% of the labor force and this if invested properly will spend on unemployment in Iraq.

He added that Iraq today is going through housing crisis, where he needed three million housing units in addition to the liberated areas where exposed citizens housing for the ruins, pointing out that the draft Housing Fund will assist in the eradication of this crisis by giving facilities to the citizen begins fifty million Iraqi dinars, from in order to help him construct a simple housing units.
He said that these facilities will help in the revitalization of the market by increasing demand for construction materials and labor, saying the move was positive, timing is very appropriate as have economic returns Kberh.anthy