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The government plans to secure soft loans
3/21/15
BAGHDAD / Obelisk: The Iraqi government has indicated that it intends to secure soft loans to citizens and the salaries of pension every Iraqi social product as collateral.
Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh, on Friday, the government plans to secure the release of soft loans to citizens and the allocation of pension salaries Everyone social product as collateral for him.
Saleh pointed out in a press statement followed the "Obelisk", that "the government curriculum included the subject of the general framework of reform in Iraq and the points are essential in the first economic side is the market-oriented economy, the product of any social market, which is that the state does not assume transformational production as simple as making dresses, shoes and other This does not exist in all countries of the world but the state holds the strategic production and sovereign country that matters such as oil, for example. "
He added, "The other key point and the task you are working on the state that there is a guarantee for every Iraqi man and is not only for employees but for every Iraqi citizen, is 63 years old and be a producer of the pension."
He pointed out that "these are the pillars which will be built on economic reform for the next four years, which can be a productive state through the market through the organization and support to be market competitive and socially, as well as this market there is a pension fund product for every citizen."
He explained that "the government she is still young and the things you need to effort and pay, but the general trend it is to run the Iraqi people rather than through government employment, there are four million employees and this is a problem because the operation of all the Iraqi people in public office means disabling the nation and disrupt a deliberate people's energies energies start production and reconstruction and construction. "
He pointed out that "the other direction to the government sector in the economy is to provide a social security fund from which provides lending resources accessible to the community and a small soft loans and this program we are working hard to find a lending program for all Iraqis."
Iraq is witnessing economic distress, in light of the decline in oil prices, which reflected negatively on the federal budget for 2015 and led to the deficit by 25%, while economists called for to stimulate the private sector and activating investment and the adoption of local products to increase imports and reduce spending.
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