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شنبه ۱۳ آذر ۱۳۹۵ تهران ۱۳:۲۴ - ۳ دسامبر ۲۰۱۶

ECONOMY: Finance Minister Sees the Economy “Promising”


Safdar Hosseini said Iran’s economic conditions were “promising,” but experts pointed out that the third five-year economic development plan is way behind its goals in providing employment, reducing gap between economic classes and privatization of state enterprises. In a meeting in Tehran with a delegation from the International Monetary Fund, finance and economic affairs minister Safdar Hosseini said Iran’s economic conditions were “promising,” adding that achieving a 7 percent growth rate last year was a major accomplishment for the Khatami administration’s third five-year economic development plan. He said the privatization of major state enterprises, which has been a major component of the third plan, will continue within the next few months, and the Khatami government has disciplined government enterprises by denying them further access to government funds and forcing them to pay their debt to the government by the end of the fourth five-year economic development plan in 2009. The finance minister praised the achievement of the third development plan at a time when the plan has come under criticism from economic experts. If we consider the plan’s goals in employment, investment and reducing the gap between social classes, we shall notice how far behind we are from those goals, according to an economic expert, who said the government was supposed to reduce itself by the end of the third plan, but each year we have been witnessing further bloating of the government. Experts say that the high growth rate cited by the finance minister was a direct result of higher oil prices, which increased Iran’s foreign exchange revenues well beyond budgeted amount.
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