Reaching 8 percent economic growth rate feasible in Iran, official says
Baku, Azerbaijan, June 9
By Fatih Karimov - Trend:
Iranian economy minister Ali Tayyebnia has recently said that Iran's economy has possibility to grow.
"The national economy has the potential and the capacity to attain a 8 percent growth rate", Iran's IRIB quoted Tayyebnia as saying on June 9.
"However, the administration's short-term goal is to get the economy out of recession," he added.
On June 8, Tayyebnia pledged to enhance monetary services and remove problems in this sector. He added that the administration has developed special plans aiming to provide capital for economic activities and enhance services of the banking system.
In 2013, Tayyebnia said that Iran must create 8.5 million new jobs in the next two years. He also warned that Iran might face 8.5 million of jobless people in the near future.
Tayyebnia said that low economic growth rate is currently the main challenge to the national economy.
"The ministry will focus on improving the living standards through curbing inflation and encouraging businesses," he stated at the time.
In February, Iran's vice-president for strategic planning Mohammad Baqer Nobakht said that the administration plans to increase the country's economic growth rate to three percent in the current Iranian solar year, which started on March 21.
He emphasized the need for increasing investments and improving efficiency in utilizing financial resources.
The economic growth rate was negative in the past two years, he said, adding that the economic growth rate is projected to hit 0.8 percent in the current year.