26/09/2011 15:32
Baghdad, September 26 / September (Rn) - The Ministry of Construction and Housing Iraq on Monday, for the approval of the Ministry of Planning to build housing complexes and low cost in all Iraqi provinces within the budget in 2012. and the voice of the Iraqi parliament Saturday majority on the Law of the housing fund during its meeting of 32 legislative year II. and raise the House of Representatives capital of the housing fund of 300 billion dinars to a trillion dinars in a bid to benefit the largest possible number of the population. The reports and studies by non-governmental organizations and international companies, the need for Iraq to 20 years to exceed the housing crisis. The director of operations of the Ministry reconstruction Zaid Hussein, Kurdistan News Agency (Rn) that "the Ministry of Planning and Development Cooperation approved the construction of housing complexes and low cost are implemented by the Ministry of Construction and Housing within the budget in 2012." He added, "The Ministry of Construction and Housing moving toward affordable housing due to their inability to meet the housing deficit, which is about people of color and a half million units. " According to government figures out that Iraq's budget for next year will amount to 131 trillion Iraqi dinars (about $ 112 billion), up 36% from the current year budget and a deficit of 23.3 trillion Iraqi dinars (20 billion dollars). says The government deficit will be met from cash retained from the current year budget 2011 is internal and external borrowing and the rate of savings is expected to increase selling prices or increased oil production or borrowing from the IMF and World Bank. From: Jafar Allonan. Open: Abdullah Sabri
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