Special law to reduce the loan interest

Special law to reduce the loan interest

10:15:16 / 08/2012

Khandan – The Finance Committee representative for direction to prepare a bill to reduce the benefits of all kinds of loans. A member of the Committee Deputy Church Mustafa Rasool told the “Center Brief for the Iraqi Media Network,” that “his committee is studying for the preparation of the proposed law for the benefits of bank loans.” He said the Messenger, “This topic will be in coordination with the Ministry of Finance and the Council of Ministers and the official authorities and taking into account the provisions of the general budget.” and on the possibility of reaching an agreement on the reduction of loans, especially for the staff, The Messenger: He has not come to a conclusion now because the issue of loans subject linked to the Ministry of Finance and the general budget, but we hope to reach an agreement. He continued: “The issue of loans is thorny and complex,” noting that the cancellation of benefits, or reduced to bank loans to employees affected in the budget law and the balance of the banks. announced the Messenger seeks his committee to raise loans of staff within the budget next year 2013. and the Committee of Finance has confirmed that the new moves come after many complaints made by employees received their loans, both the 5 million or the 100 salary and currently suffering from high interest rates. announced the deputies for their support of the proposal submitted by the number of members of Parliament to reduce the interest rate prescribed on loans granted to employees and citizens, emphasizing the need to broaden the base of borrowers and beneficiaries of these loans as it supports both the employee and those with limited income and contribute to the solution part of the housing crisis and in activating the role of the private sector. An official source at the Finance Committee representative, had confirmed the “Center Brief for the Iraqi Media Network “Recently,” The Parliament discussed the requests submitted by 52 MPs to study the benefits of loans of staff, “noting that” there is a tendency to reduce these benefits in half, so as not to burden the staff, but he had not been agreed. ” It is said that the Rafidain and Rasheed religiously since last year, the distribution of financial loans and advances between employees, where the employee can take an advance amount of five million dinars, or financial loan by 100 nominal salary, not to exceed the amount of JD 50 million paid over ten years for the purpose of building or buying housing.
Source: xendan