Damascus-SANA
The Ministry of Finance has recently intensified its efforts and work, in cooperation with a number of public authorities, to address the file of managing state-owned and private fixed assets and “built and unbuilt” real estate, such as lands belonging to the ministry and other ministries, with the aim of developing a financial policy that leads to production in harmony with economic policy and that also leads to revenue generation. additional to the state treasury.
SANA met the Director of the General Revenue Department in the Ministry of Finance, Anas Ali, who indicated that the number of real estate assets in the various ministries exceeds 80,000, between real estate and land, but the priority currently for the ministry is to invest the fixed assets of the public economic sector, explaining that an integrated file is being prepared that includes statistics Scenarios and proposed solutions to be presented later to the Council of Ministers.
According to Ali, all fixed assets must have returns that are included in the state’s revenues through efficient and effective investment, pointing out that asset management falls within the plan to develop financial policy and one of its most important objectives is to support productive activity in the economic public sector such as institutions, companies and laboratories.
The lack of financial resources and sufficient cash liquidity is one of the obstacles to the production process and the renewal of production lines in the factories, as it shows that “investing the idle or frozen properties belonging to the factories, for example, and reconsidering their current investment allowances would provide liquidity to develop and accelerate the pace of production in them.”
He pointed out that the investment allowances for real estate, land and equipment belonging to a number of public authorities ultimately return to the state’s public treasury, but there are low investment allowances, and this means that there are missed opportunities. Hence, the ministry “began months ago in cooperation and discussion with the stakeholders in the public authorities to invest their assets in an effective and more feasible manner. “.
He explained that, for example, the fixed assets of a factory can be better managed through several methods, represented by either investing the fixed asset in full instead of investing part of it, or investing it in partnership with the private sector, or liquidating it, or reconsidering its investment allowance in line with the popular values of real estate with the aim of increasing The productivity and profits of these factories and the achievement of additional revenues contribute to the development of equipment and production lines and the improvement of production, which leads to financial surpluses belonging to the treasury.
On the reality of investing fixed assets in the governorates, Ali revealed that the number of properties invested at low rates in most governorates is large compared to the number of properties “not fully invested”, “partially invested” and “invested with good allowances”, which necessitates a review of the low investment allowances.
Waseem Al-Adawi