Economic Analyst: Distribution of loans and advances without

[Stillw8n]

Economic Analyst: Distribution of loans and advances without the economic feasibility will lead to increase the rate of inflation in Iraq

On: Wed, 01/04/2012 12:20

Baghdad (news) .. Said economic analyst for the spectrum Abdul Salem Ugaili that the distribution of loans and advances to the citizens without the economic feasibility and legal requirements prior will lead to increased rates of inflation in Iraq.

He said Ugaili in a statement to the Agency (news) on Wednesday: that the distribution of financial loans to citizens in Iraq progress is inaccurate and without the economic feasibility or laws slashed the owner of loan investment of the amounts granted to the projects, whether small or medium-serve the country and society, which lead to increased rates of inflation in Iraq.

and called Ugaili: to be financial loans and advances percent salary provided to citizens according to plan accurate and thought to be through the investment of funds granted to the establishment of small or medium by the citizens of that will be in the end, the investment of funds Almkarodh and provide jobs for the unemployed, saying that if distributed without controls will lead to increased inflation and economic chaos overwhelming in the country.

The analyst Economic: It is assumed that the distribution of loans to come through a plan in place and measured according to the scientific method an accurate cast of how to dispose of these funds, noting that advances and loans are distributed randomly disorganized at the moment, no everyone can get the loans, both residential and agricultural and other conditions and without Aodwabt obliged to invest.

The federal government declared conducted for the distribution of housing loans to all citizens, and advances percent salary within the budget year (2012).

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