Iranian economy minister criticises privatisation policies
Azerbaijan, Baku, Sep.10/ Trend F.Karimov/
Iranian economy minister Ali Tayyebnia has criticised the implementation of privatisation policies by former administrations saying that just 10-15 per cent of state shares have been really transferred to the private sector, IRNA reported.
Therefore, the privatisation process has not improved the efficiency of the private sector considerably, he added.
He also said that the country is grappling with a combination of high inflation and economic recession.
Many economic experts have expressed concern about transferring shares of state-run companies to semi-government entities which are neither governmental nor privately-owned.
Under the present interpretation of Article 44 of Iran's Constitution, hundreds of state-owned companies have been privatised with some of the shares being earmarked for distribution amongst deprived classes such as farmers and workers.
"In the first tranche Justice Shares were distributed among 23 million villagers and many rural workers have benefited under this scheme, according to Press TV.
Iranian parliament (Majlis) speaker Ali Larijani has said that transferring economic activities to the public will remove the unemployment problem.
"Implementing Article 44 of the Constitution regarding privatisation is meant to transfer the economy to the public," Larijani added.