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| Syria-Lebanon-Iran |
| Iranian president targets stagflation in first budget |
| 2013-12-09 |
| [Pak Daily Times] Iranian president Hassan Rouhani said tackling inflation and boosting growth were the country's economic priorities as he presented an austerity budget, his first, to parliament on Sunday. Inflation has soared in the last few years, a trend analysts say is due to increasingly tough economic sanctions and fiscal mismanagement by former president Mahmoud Short RoundAhmadinejad. "Employment is the most important future issue for the economy but now the biggest problem is (tackling) stagflation," Rouhani in a live address on state television ... and if you can't believe state television who can you believe? . "The combination of stagnation and inflation over the past two years was unprecedented," he said. Iran's budget for the year starting in March 2014 tops $66 billion, calculated on an open-market exchange rate. |
| Posted by:Fred |