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Font Size:03/15/2013 (00:01 pm) - The number of readings: 30 - Issue (2750)
The absence of laws regulating the banks behind the reluctance percent salary advance
BAGHDAD / agencies
Attributed the Finance Committee in the House of Representatives, yesterday, foot-dragging and tripping in the disbursement of an advance hundred salary in the country to lack of laws regulating the work of banks and banking management, referring to the lack of a link this advance the federal budget.
A member of the parliamentary Finance Committee Hassan Auzmn Bayati's "Twilight News" that "the Ministry of Finance and the banks are involved in organizing and permanence hundred salary advances through self-financing or borrowing from international banks invested."
He denied "link reluctance not to include financial allocations in the federal budget."
He explained that "banks in other countries pursue citizen in order to give it financial loans, unlike Iraq, which seeks citizen struggling to get loans and advances, although there are benefits of it because of the urgent need for the housing units and the rising price of residential land and costs of financial operations building." He attributed Bayati "loitering and volatility predecessor hundred salary across the country to the lack of laws regulating the work of banks and poor investment of funds by banks, which will reflect negatively on large segments of the middle-income citizens and seeking to build the houses."
The Iraqi government has launched, earlier, loans hundred salary for state employees, but has fluctuated a great and did not include only the categories and certain segments of the staff and military personnel, while attributing financial authorities causes delay loan and limitations to the lack of financial allocations necessary for the inclusion of a greater number of citizens in this loans.
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