BAKU, Azerbaijan, May 24. Iran's Plan and Budget Organization (PBO) announced details of Iran’s 4-year (March 21, 2023 through March 20, 2027) economic development program, Trend reports.
Despite the current problems in the country, the economic development program prioritizes achieving progress in various sectors. According to the economic development program, the economic development of the country is planned to reach 8 percent.
As a part of the mentioned program, steps will be taken to increase the investment in the country by 22.6 percent, as well as to increase the country's current fixed capital by 6.5 percent.
The economic development program envisages a 3.9 percent growth with the opening of 1 million jobs per year.
At the same time, the program envisages the annual inflation rate to stand at 9.5 percent, while the liquidity at 13.8 percent.
In addition, the economic development program plans to increase annual crude oil exports of Iran by 12.4 percent, non-oil export by 22.6 percent.
Generally, 602 quadrillion rials (about $14.3 trillion) would be required (at current prices) to achieve an 8-percent economic growth of the entire economy.
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