Tehran, Iran, May 3
Trend:
Member of Iran's parliament's Planning and Budget Commission Hosseinali Haji-Deligani said that in the last 45 years, Iran's GDP has risen, the liquidity has grown also, by 34,000%.
On 14 April, Iran's Statistical Center published a report on its official website, which showed a negative economic growth in the country. These figures indicate that economic growth has fallen from 3.7 percent in 2017 to -3.8 percent in the first nine months of the last Iranian year (started on March.21 2018), an issue that could be alarming in the upcoming year, which, according to many economists, would be a tough year for Iran.
“Unfortunately, in our country, the ratio of economic growth to liquidity growth is not balanced. Liquidity in Iran is very high, and the banks are also adding to it, by $238 million a day," Haji-Deligani told Trend.
"The main problem is that in the last 45 years, while GDP growth has risen by 1.2 percent since 1974, our liquidity growth has been raised by 34,000 percent,” he said. “The main reasons are banks and financial institutions.”
“The parliament, instead of taking care of this issue, has focused on provincial election law,” he said, criticizing the parliament's neglect.
“The parliament instead of taking care of this issue, has focused on the provincial election law,” he said, criticizing the parliament`s neglect.