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Iran: Majlis commission introduces bill to speed up privatization

Tehran, Feb 25, IRNA - Majlis Special Commission provided a bill to speed up the privatization process, Member of Parliament Elias Naderan said on Sunday.

He told IRNA that the Special Parliamentary Commission introduced a bill in coordination with the Parliament's Research Center obliging the government to cede 60 percent of the state enterprises to the private sector by the end of the next fiscal year (March 2008).

Naderan said that the new bill will be annexed to the budget plan to ensure its implementation during the next Iranian year 1386 (March 2007-March 2008).

The initiative comes after the Supreme Leader Ayatollah Seyyed Ali Khamenei said last week that the pace of privatization envisaged in Article 44 of the Constitution is not satisfactory, prompting President Mahmoud Ahmadinejad to reaffirm commitment of his government to the privatization program.

The Supreme Leader forwarded directives consistent with Article 44 of the Constitution to the three branches of government, the Legislature, the Executive and Judiciary to enforce privatization program.

Naderan said that the state-owned companies have grown up rapidly, swallowing a considerable part of the budget and that the new bill will help the government to systematically cede them to the private sector by the end of the fiscal year in order to cut their expenses from the next year's budget.

The Supreme Leader said last week that expediting the privatization process will help alleviate poverty.

... Payvand News - 2/25/07 ... --

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