Iran sets minimum salary for civil servants at $240
Baku, Azerbaijan, Mar. 9
By Fatih Karimov - Trend:
The Iranian administration has set the minimum salary for civil servants in the next Iranian calendar year at 6 million rials (about $240), the Mehr News Agency reported on March 9.
The next Iranian year will start on March 21.
The administration will increase salaries of civil servants by maximum 20 percent in the next year.
The Mehr News Agency quoted Iranian president's deputy for planning Mohammad-Baqer Nobakht as saying on December 9 that salaries of civil servants should be increased proportional to the inflation rate.
The minimum wage of civil servants is currently around 4.87 million rials (about $196 based on the official exchange rate of 24,850 rials).
According to the Iranian labor law, the next year's minimum salary should increase by 1.95 million rials proportional to the inflation rate of 40 percent.
The inflation rate in Iran will fall to below 15 per cent in the next Iranian calendar year, starting on March 21, the Mehr News Agency quoted Iranian economy minister Ali Tayyebnia as saying on March 7.
If we succeed in continuing the current trend [of economic progress], the inflation rate will certainly reach below 15 per cent, he added.
Unfortunately, during the recent years the country moved toward the opposite side of resistance economy policies. So, it became more and more dependent on foreigners. These factors, put the national economy in a serious danger, Tayyebnia said.
The international sanctions reduced the country's oil and petrochemical revenues. So, it caused an imbalance in the government's budget, he noted.
The inflation rate for the 12-month period to the eleventh Iranian calendar month of Bahman (ended on Feb. 19) reached 33.7 percent, vice-president for Strategic Planning and Control, Mohammad Baqer Nobakht said, Iranian Fars news agency reported on Feb. 27.
Iranian President Hassan Rouhani said on November 26 that his government plans to reduce the inflation rate to below 25 per cent by the end of Iranian calendar year 1393 (March 20, 2015).
"The inflation rate is projected to be 35 per cent at the end of the current Iranian calendar year (March 20, 2014)," IRNA quoted Rouhani as saying.