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Iran’s Rouhani warns against budget deficit

Politics Materials 20 August 2017 10:37 (UTC +04:00)
Iranian President Hassan Rouhani has said that the country’s budget for the current fiscal year (starting March 20) is about $90.9 billion but almost half of this amount goes to pension funds, subsidies and development funds
Iran’s Rouhani warns against budget deficit

Baku, Azerbaijan, Aug. 20

By Farhad Daneshvar – Trend:

Iranian President Hassan Rouhani has said that the country’s budget for the current fiscal year (starting March 20) is about $90.9 billion but almost half of this amount goes to pension funds, subsidies and development funds.

“Hard days are coming,” the president said addressing the country’s parliament on Sunday which is to hold a confidence vote to choose among Hassan Rouhani’s candidates for 17 ministerial posts.

He further touched upon his nominees for key ministerial posts and described creating new job opportunities as a major priority.

Foreign Minister:

Supporting his decision to appoint Mohammad Javad Zarif as Foreign Minister, Rouhani said that contributing to the country’s economy is among his significant tasks, adding that the foreign ministry should help the economy lure foreign investments.

Oil Minister:

Speaking about, Bijan Namdar Zanganeh, his nominee for the post of Oil Minister, President Rouhani said that luring $100 billion in foreign investment to develop the country’s oil industry is among his main tasks and Zanganeh is capable of carrying out this task.

Transportation Minister:

Rouhani spoke about the capabilities of Abbas Akhoundi, the proposed Minister of Roads and Urban Development, in striking major contracts with leading aircraft manufacturers and said Akhoundi has a good record in concluding such deals and providing finance for purchasing aircraft.

ICT Minister:

Rouhani said Mohammad Javad Azari Jahromi, the nominee for Communication and Information Technology Ministry, enjoys experience of working with both the ICT and Intelligence ministries. Rouhani further rejected accusations that Azari would restrict internet freedom in the country.

Intelligence Minister:

Rouhain spoke about Mahmoud Alavi’s record as Intelligence Minister over the past four years and said the ministry properly confronted terrorist groups over the past years. Rouhani also added that Alavi protects freedom in the country.

The Islamic Republic of Iran News Network (IRINN) aired the parliamentary session live on August 20.

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