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خبرني
Iraq mulls selling 600,000 properties valued at 150B
The article reveals the Iraqi government's plan to sell approximately 600,000 government-owned properties, including assets dating back to Saddam Hussein's era, in order to raise more than $150 billion in liquid funds. This amount is sufficient to cover the salaries of public employees for over a year. This step is part of the government's efforts to address the ongoing financial crisis, as it faces difficulties in increasing revenues and achieving financial stability. It is estimated that over 20,000 state-owned properties have been seized, and about 70% of government assets have been sold through unclear processes in recent years. Properties from the former regime include around a thousand palaces and facilities; some have been converted into government offices or tourist sites, while thousands of properties were confiscated after the fall of the regime. The government faces challenges in regaining control over these assets, especially amid widespread corruption and the falling of many properties into the hands of political forces and influential figures. It is estimated that stolen corruption funds amount to approximately $200 billion, with only a minimal official recovery of around $250 million. The plan to sell these properties aims to provide the necessary financial resources to cover employees' salaries and achieve economic stability amidst difficult financial conditions.
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