Iran's First Vice President Eshaq Jahangiri[/caption]Tehran, March 19, IRNA First Vice-President Es'haq Jahangiri said Thursday that 18 months after President Hassan Rouhani took office, the government has managed to slash a more-than-40 percent inflation rate to 16 percent.
Speaking during a ceremony to inaugurate Iran's first automatic railway control system, Jahangiri said that the country's trade exchange reached $150 billion over the past year and that the government has plans to continue with this trend in the coming year.
Referring to the significant growth in the country's development budget, the vice-president said as much as $300 trillion rials were allocated to development projects of the country over the past year.
Jahangiri also said that Iran's economic growth rate has reached 3.6% in nine months and estimated that the country's economic growth over the past year stood at 3%.
As Iran faced with two years of negative economic growth rate before President Rouhani took office in August 2013, today's figures seem of special significance and a landmark economic achievement for the government.
By IRNA
