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                                        Volume. 11878

‘Administration to complete semi-finished projects, not to start new ones’
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c_330_235_16777215_0___images_stories_edim_mg1(5).jpgTEHRAN – The Administration of Iranian President Hassan Rouhani has focused on completing semi-finished development projects and will not start new ones, the vice president for planning and strategic supervision said.
 
In a TV program late on Sunday, Mohammad Baqer Nobakht added that there are 2906 projects semi-finished across the country, the Mehr News Agency reported.
 
The administration has not initiated any project since President Rouhani took office in August, he further said. 
 
We will allocate the lion’s share of national development budget to finish the projects which are complete by over 80 percent, he added.
 
It has been planned to finish 184 projects, which are complete by over 80 percent, and 62 projects which are complete by 20-80 percent in the next [Iranian] year, he noted.
 
He further said that the next year’s budget bill has set the national development budget at 380 trillion rials (about $15.3 billion), a 33 percent fall year on year.
 
The next Iranian year will begin on March 21, 2014. 
 
On December 8, Rouhani presented the administration’s draft of the national budget bill for the next Iranian calendar year to the parliament. 
 
The proposed national budget amounts to about 7.83 quadrillion rials (about $315 billion based on the official exchange rate of 24,850 rials), an 8.4 percent rise year on year. 
 
Next year’s national budget is based on an oil price of $100 per barrel and a projected average exchange rate of 26,000 rials to the U.S. dollar for the fiscal year.   
The funding for running the government increased by 240 trillion rials (about $9.6 billion) and was set at 1.95 quadrillion rials (about $78.4 billion).  
 
The draft national budget estimates crude oil production and exports at about 3.3 million barrels per day and 1.5 million barrels per day, respectively. 
 
Rouhani has said that the administration's main concerns are to create jobs, curb runaway inflation and boost economic growth.
 
 
 

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