|Inflation projected to fall below 20% by March 2015: Rouhani||
TEHRAN – The inflation rate in Iran is projected to fall below 20 percent by the end of the current Iranian calendar year, President Hassan Rouhani announced on Wednesday.
The current Iranian calendar year will end on March 20, 2015.
Rouhani made the remarks in an address to a gathering of people in Ardebil, the capital of the northwestern province of Ardebil, the IRNA news agency reported.
In the beginning of the current Iranian year, Rouhani said the inflation rate is projected to fall below 25 percent by end of year.
On July 20, Finance and Economic Affairs Minister Ali Tayyebnia said the government will implement anti-recession programs until a single-digit inflation rate is achieved.
The administration has prepared a comprehensive plan to combat high inflation and bring the national economy out of recession, the IRNA news agency quoted Tayyebnia as saying.
On July 14, the Rouhani administration unveiled a package of plans to support the leading domestic economic enterprises, boost industrial and service exports, and promote tourism, which had been identified as the initial factors necessary for helping to bring the national economy out of recession.
In November 2013, Rouhani said his government would make efforts to decrease the inflation rate. “First, the administration plans to curb the inflation rate and reform the banking system, and then change the method of (cash) subsidy payments.”
Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader