IRI President Mahmoud Ahmadinejad on Saturday defended adequate implementation of the direct subsidies, IRNA reported.
Responding to criticism of the parliament that the direct subsidies law was envisaged to be implemented in a five-year period, but, the government executed the law in a two-year term, President Ahmadinejad said that the law proved in practice that cannot be prolonged and there was no reason for the prolongation.
Government made feasibility studies prior to putting it into practice and that it was among top seven economic programs in the country, he said.
He said that the government has worked out a plan on restructuring the banking system which will be declared to public in the near future.
Restructuring distribution system of goods is under study and Majlis has endorsed a plan to reform custom formalities, he said.
The government has sent its vision plan for taxation system to Majlis, he said adding that the government is determined to change the country's national currency to uphold the value of national currency which is prerequisite for economic growth, he said.
All people know that we suffer an ailing economy; he said adding that these problems have been inherited from the past 60 years.
All should assist to implement a plan for recovery of national economy, he said.