People’s Assembly of Syria increases amount of loans granted for the establishment of labor housing ...Syria

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People’s Assembly of Syria increases amount of loans granted for the establishment of labor housing
The People’s Assembly of Syria has approved a draft decree amending Article /8/ of Legislative Decree No.46 of 2002 on labor housing ownership. The amendments addressed the amounts of loans granted to the General Housing Establishment (GHE), as well as the interest rates.  Under the amendment, Syria’s Ministry of Finance (the Public Debt Fund) may grant the GHE an annual loan of up to 5 billion Syrian pounds (nearly one million and 715,000 USD), with 1 percent interest for the implementation of housing units for state employees. The amount shall be allocated in the annual investment budget of the GHE, the local pro-government newspaper al-Watan reported on 21 January. Before the amen

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