Nobakht: Iran’s economic growth rate to stand at 5 pc this year

Rasht, Gilan Prov., April 2, IRNA – Head of the Management and Planning Organization Mohammad-Baqer Nobakht said on Saturday that the country’s economic growth rate will stand at five percent this year.

Nobakht told a group of officials that this year, 590,000 billion rials will be spent on the capital ownership and development projects.
He said 10 percent, i.e. 30,000 billion rials, out of the National Development Fund’s foreign exchange resources will be set aside for the industrial and agriculture sectors.

He added that government’s forex revenues and oil prices have decreases over the past three years and regarding the fact that the country cannot export crude beyond one million barrels and given the fall in oil prices to less than 30 dollars, Iran’s income today has dropped to 19 billion dollars from 119 billion dollars in the past three years.