Iran News ...


1/5/03

Official predicts 5.7 pc growth in GDP for next Iranian year

Tehran, Jan 5, IRNA -- An official at State Management and Planning Organization predicted an economic boom and no recession for the next Iranian year (starting March) due to 5.7 percent growth in gross domestic product.

Director of the Macro Economic Affairs Department at the State Management and Planning Organization (SMPO) Mohammad-Ali Moradi said the US attack on Iraq and Baghdad's weaker showing in the market might affect predictions on oil revenues targeted by the budget bill for the next Iranian calendar year of 1382.

Moradi also forecast a 5.7 percent economic growth, four percent welfare index, creation of about 28,000 jobs and 16.7 percent unemployment next year.

He said Iran's budget has been increased 35-folded over the past few decades and had not kept pace with the rate of inflation, which has been risen 11.8 times.

He said two billion dollars worth of participation bonds are predicted to be offered to finance the projects whose implementation has been given top priority. He added that one billion dollars worth of bonds had been sold in the current Iranian year.

He further predicted dlrs 4.2 billion worth of imports in the next Iranian year.

He added that imports cost reduced to dlrs 4.6 billion in the current Iranian year from dlrs 5.5 billion in 1993.

... Payvand News - 1/5/03 ... --



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