Speaking in Majlis on Sunday for presenting next year’s government budget plan, President Rouhani prioritized inflation over other current issues and said, “last year, I announced that our first priority is to control inflation and restore the economic stability. For that purpose, we tried to control the most important causes of inflation, which is the growth of currency value and inflation expectations.”
While asserting that Iran’s economic status has improved much faster than expectations, he added, “we reached the 35 percent inflation which I had set as an objective for last (Iranian) year, and have come very close to the 25 percent inflation objective for current (Iranian) year. We predict that by the end of this year, the inflation rate will drop down to less than 20 percent.”
Rouhani stressed that the government’s priority on the economic status has always been the reduction of inflation rate since ‘no investment would ever take place at the time of economic instability’ and ‘no economic activity will ever develop' in such circumstances.
Rouhani also discussed the issue of ending recession and added, “last year we were faced with a severe and prolonged economic downturn. As the main topic in our economic program we have the increase of non-oil exports on the agenda.”
“Statistics show that Iran’s non-oil exports have reached 31.5 billion dollars by mid November,” Rouhani continued, “and this indicates a 19.7 percent growth as compared to last year. We hope by the end of the (Iranian) year, our non-oil exports will pass 50 billion dollars.”
President Rouhani also touched upon the Resistance Economy as another means for economic growth and the reduction of economic vulnerabilities in the face of global hazards.
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