News ID: 316700
Published: 0300 GMT September 28, 2021

Raeisi: Curbing inflation among government’s priorities

Raeisi: Curbing inflation among government’s priorities
Iran’s President Seyyed Ebrahim Raeisi addresses a meeting of the Government’s Economic Coordination Headquarters in Tehran on September 28, 2021.

National Desk

Iran’s President Seyyed Ebrahim Raeisi said controlling inflation is an important issue and among his administration’s priorities.

In an address to a Tuesday meeting of the Government’s Economic Coordination Headquarters, Raeisi called on the Central Bank of Iran (CBI) to pursue its monetary policies in concord with the targets of managing liquidity and curbing inflation, IRNA reported.

The president described high inflation as his administration’s redline, warning domestic executive organizations to refrain from making any move that would push up the index.

He mandated the Plan and Budget Organization of Iran to prepare the draft of the national budget for the next calendar year (to start in March 2022) with an emphasis on reforming the structures and cutting unnecessary expenses.

The president stressed that supporting domestic production is a top priority in his administration’s economic policies and plans, urging the Ministry of Industry, Mine and Trade to place on its agenda developing the required plans and policies to boost domestic output and ban imports of unessential goods and products with available domestic counterparts.

Speaking during his Friday visit to the western province of Ilam, Raeisi said his administration is focused on completing high-priority semi-finished projects.

He added that eroded public trust is among the many serious losses suffered when abandoning executive works unfinished.

The president noted that, in addition, a failure in the timely completion of projects results in the wastage of national assets and capital.




Resource: IRNA
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