Young Journalists Club | Latest news of Iran and world

News ID: 5680
Iran » Iran
Publish Date: 15:57 - 07 December 2014
Tehran, YJC. Iranian President Hassan Rouhani has presented the draft national budget bill for the next fiscal year (beginning March 21) to the country’s legislative body.

Presenting the bill on Sunday, he said fighting inflation is the top priority in his administration’s proposed national budget.

The president said his administration seeks to maintain the current declining trend of currency supply in the country in the coming years in an effort to curb inflation.

"I once again explicitly state that the incumbent administration considers cutting inflation as one of its great achievements. We are resolute to safeguard this great accomplishment, therefore the next year’s national budget bill has been drafted with the aim of controlling inflation,” he stated.

He said controlling inflation is key to putting an end to stagnation and in paving the way for economic growth.

According to the president, Iran is expected to witness an inflation rate below 20 percent by march 2015.

Rouhani also noted that Iran is poised to increase non-oil exports in order to help boost economic growth despite falling oil prices.

The total national budget figure for the next Iranian year stands at around $311 billion. The national budget proposed this year is 4.3 percent higher than that of the one proposed last year.

The Majlis is to cast its vote on the bill within 10 days.

Your Comment
* Comment:
* captcha: