Majlis agrees to extend Fifth Five-Year Development Plan

Tehran, March 6, IRNA – Iranian lawmakers on Sunday agreed on a double-urgency motion for extending the Fifth Five-Year Development Plan for another year.
In an open session of Majlis on Sunday, the double-urgency motion was approved with an absolute majority, with 159 votes in favor, 21 against and 4 abstentions.

In a fast-paced and ever-changing world, no country can achieve economic development without careful planning and thinking forward. Iran has a long record in economic planning: Blueprints known as “five-year plans” that define the country’s medium-term goals.

At the end of every five-year development plan, Iran’s Parliament studies its successes and failures.

The outcome of the study is used to prevent a repetition of the past mistakes and in the allocation of funds to achieve the objectives of the new five-year plan.