Iranian president accepts full responsibility for 2nd phase of subsidy reform plan

Photo:   Iranian president accepts full responsibility for 2nd phase of subsidy reform plan / Politics


Tehran, Iran, Feb. April 5
By Milad Fashtami - Trend:

Iranian President Hassan Rouhani said on April 5 that he will accept full responsibility for implantation of the second phase of subsidy reform plan, Iran's Mehr News Agency reported.

"The country's inflation rate is projected to drop to 25 percent by the end of the current Iranian calendar year (March 20, 20105)," he said.

"Improving relation with foreign countries may even cause the figure to fall below 25 per cent," he explained.

He put the Iranian government's total income at around 1,480 trillion rials (some $48.36 billion based on the exchange rate of USD at the free market).

"My government faced severe economic problems in the past year but I never allowed borrowing money from the central bank," he said.

The Statistical Center of Iran on March 1 put the 12-month and the point-to-point inflation rates for the eleventh Iranian calendar month of Bahman (January 21 - February 19) at 33.7 percent and 22 percent, respectively, Iran's Mehr News Agency reported.

In November 2013, Iranian President Hassan Rouhani said for the first time that his government plans to decrease the inflation rate to below 25 percent by the end of the next Iranian calendar year 1393 (March 20, 2015).

The inflation rate was projected to hit 35 percent at the end of the previous Iranian calendar year (March 20).

Follow us on Twitter @TRENDNewsAgency