tayebnia

Economy minister: 11th government follows Majlis approvals on targeted subsidy act

Tehran, Aug 19, IRNA – Minister of Economy and Finance Ali Tayebnia said on Wednesday that checking liquidity growth, curbing inflation and restoring stability to the forex market are among prerequisites for enforcement of the second phase of targeted subsidy law.

Speaking to reporters after end of the weekly cabinet session, Tayebnia said the 11th government would follow Majlis approvals and the law on targeted subsidy act.

He said regarding financial shortages, development projects would be financed based on priorities and financial resources would be channeled to the projects which would yield turn-over and profits in the shortest span of time.

To another question, he said governor of the Central Bank of Iran would be introduced by the president soon.

By IRNA

 

The Iran Project is not responsible for the content of quoted articles.