Baku, Azerbaijan, Dec. 28
By Fatih Karimov - Trend:
Investment in Iran's construction sector rose by 15.8 percent in the first half of the current Iranian year (March 21-Sept. 22) compared to the year before.
Peiman Qorbani, the deputy governor of Iran's Central Bank, said the investment in the construction sector decreased by 16.5 percent last year, the Central Bank's website reported Dec. 28.
"The investment in the construction sector grew by 17 percent in spring and 14.7 percent in summer," he noted. "The growth in the investment in the construction sector is mainly due to a growth in the government's development budget."
Qorbani added that 1,770 trillion rials (about $50 billion) were paid in loans by the banking system during the first seven months of the current fiscal year (March 21-Oct. 22), some 60 percent of which were paid to manufacturing units.
He also said that the government's spending rose by 3.3 percent in the first half of the current year.