President: Govˈt Determined To Lower Inflation

Tehran, Nov 5, IRNA – President Hassan Rouhani said on Monday that the government has focused efforts on striking balance to indices of the macro economy before start of the new year and bring down inflation to about 30 percent from 40 percent. Addressing a group of Members of Parliament representing Fars Province, President Rouhani said government has plans to bring down the inflation rate below 30 percent in the next Iranian year of 1393 (2014-15). Government is under economic pressure, being unhappy with sufferings caused by the arbitrary sanctions, the president said, adding that government wants current economic indices get better to get the general condition of the country improved. Elsewhere in his remarks, the president said the ground should be prepared for entry of the private sector into business, while encouraging foreign investors to bring in their capital to Fars Province. “Of course the main job in this regard lies with government, which is now facing scarcity of resources.” He said government seeks lifting the arbitrary sanctions imposed on the nation. “However, this does not mean we should not be hopeful with removal of problems. Of course, we should always notify the point that we should not expect all problems be removed overnight.”