Tehran, Iran, March 1
By Mehdi Sepahvand - Trend:
Economic growth in Iran is expected to stand at 5 to 6 percent in the next fiscal year (to start March 21), says Mohammad Bagher Nobakht, the Iranian government spokesman.
He made the remarks at a press conference in Tehran March 1, Trend's correspondent reported from the event venue.
Nobakht added that the next fiscal year's inflation rate is expected to hit 10.5 percent.
He also forecasted that Iran will see a growth of 4.5 to 5 percent in investments the next fiscal year, but didn't clarify whether these figures are expected in domestic or foreign investments.
Nobakht added that the government will allocate $333.7 million to increase the country's non-oil exports the next fiscal year.
He further touched upon the next year's budget bill, saying the Iranian MPs yesterday passed an overview of the national budget bill.
"Today, we will sit down for details and discuss [the budget] revenues," he added.
Earlier, Iranian President Hassan Rouhani proposed a $317.6 billion budget for the next fiscal year to the country's parliament.
The next year's national budget bill is based on an oil price of $35 to $40 per barrel and a projected average exchange rate of 29,970 rials to the US dollar for the fiscal year.