In this sense, the Social Welfare Institute has an asset in real estate, valued at 1,000 million dollars (between those that generate income and those that are idle). This according to a report from the Technical, Financial and Real Estate Analysis Unit, which had been cited by the former Minister of Finance, Benigno López, in an approach on the general situation of the pension, in financial matters.
A significant percentage of these properties (buildings completed or to be completed, homes, various infrastructures) are at the mercy of deterioration and do not represent any benefit for the pension.
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On the morning of this Monday, the director of the IPS, Julio Britez, confirmed that the plan to sell the entity’s real estate aims to inject the resources into the retirement fund.
“The money will go to the retirement fund, we are going to analyze how the properties were obtained”expressed Britez in conversation with 1080 AM.
FINANCIAL INVESTMENTS
On the other hand, the financial investments of the pension plan total G. 12.4 trillion (USD 1,707 million), according to the Investment Department.
In this context, it amounts to a total of G. 17 trillion as a portfolio (USD 2,339 million), of which 8% is in dollars and 92% in guaraníes.
Financial investments have an impact on reserves by 71%, while loans to officials, retirees and pensioners reach 15% with USD 352.6 million; while rental properties (income generators) reach 11% with USD 270.6 million.
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The IPS Real Estate entry: of the US$ 1,000 million evaluated, 70% are idle (do not generate income) was first published in Diario HOY.
