Economist: The government has large funds that are not being used properly
Economist: The government has large funds that are not being used properly
2020-11-11
The economic expert Ihssan Al-Kinani said that the government is facing an opportunity that should be seized to remedy the financial crisis, bring about urban development and end the housing crisis, pointing out that a lot of the sums will enter the state treasury if it moves properly.
Al-Kinani said in a press interview that “Iraq contains millions of unused residential lands, which have been neglected for decades, although they represent a great wealth for the state and an important resource that supplies the treasury with large sums of money.”
He added, “Baghdad contains more than 60,000 plots of land in the Karkh side, as well as the case or more of it in Rusafa, in addition to the Nahrawan lands that are still abandoned for decades.”
And that “this economic resource has not been used properly by the government, and in the event of reviving the lands, it will enter huge sums of money through building permits whose fees start from one million dinars onwards.”
He pointed out that “reviving residential lands eliminates the housing crisis, moves the wheels of stalled factories and factories, eliminates the unemployment crisis and reduces congestion in residential areas.”
burathanews.com
