Was the payment of the 200 million rural housing loan canceled?

According to Tejarat News, was the payment of the loan of 200 million for rural housing canceled?

Quoted from TasnimMeanwhile, the payment of the loan of 200 million for rural housing was supposed to start on July 1, when the head of the Planning and Budget Organization said: If the payment of this loan is financed from the government’s debt to the banks, it will increase the monetary base and inflation.

Regarding the reasons for the delay in the payment of the loan of 200 million tomans for rural housing, Masoud Mirkazemi stated: This loan will bring a heavy financial burden. This loan can be paid in two ways. One is to write to the banks that this loan is part of the government’s debt to the banks, which raises the monetary base and brings terrible inflation.

He continued: One of the roots of inflation in the past years was the government’s debt to the banks. Either we have to give this permission or accept it to be financed from the subsidy. In the 20-year repayment period of the said loan, it has a financial burden of 80 thousand billion tomans, which must be financed from somewhere.

He added: “Another way is to allow the difference in the loan interest of 100 to 200 million tomans to be paid from the housing fund, which is seen in the law, because a loan of 100 million has been notified.”

The head of the Planning and Budget Organization also said about the housing fund: the financial resources of this fund have not yet been provided, and part of these resources come from the tax office. Up to Tower 4, salaries can be secured with difficulty. As a rule, tax revenues return from August.

Mirkazemi said: Also, a part of this difference should be provided from the place of sale of assets.

There is no monitoring of loan payments

Stating that we are trying not to increase the monetary base, he emphasized: We may make housing cheaper for 100,000 people, but this will cause inflation for the sections of the society. Until financial resources are provided, we cannot increase the 100 million rural housing loan to 200 million tomans.

He added: We have also written to the president that if you decide to raise the monetary base, we will do it. In addition, the Ministry of Roads and Urban Development says that we have no supervision over these loans, which means that if the Housing Fund is going to pay the subsidies, the Ministry of Roads has the right to supervise this process.

He said: If we don’t want to create money, we can pay the loan from August. Otherwise, it’s very easy. Today, we can send a letter to the banks and say that they should include this in the government’s debts. But this is not true because the government has promised to control the monetary base.

According to Tasnim, last month, the head of the Housing Foundation announced the president’s order to pay 200 million tomans for the construction of rural housing from the beginning of July and said: In a meeting that was held with the presence of the president, the officials of the Planning and Budget Organization and the Ministry of Roads and Urban Development, Mr. Raisi ordered to pay the facility of 200 million tomans for the construction of rural housing with an interest rate of 5% as soon as possible.

He added: With the coordination of the Program and Budget Organization, from the beginning of July, instructions for the payment of the rural housing loan of 200 million tomans will be notified to the banks.