ARAK, Dec. 7 (Mehr News Agency) -- Iranian President Mahmoud Ahmadinejad claimed here Tuesday that unemployment in the country will be eradicated in the next 2 years. He added that the government will implement the first stage of the Subsides Reform Law by the end of the Iranian calendar year (March 2011).
He said that the administration presented a bill to the Majlis (parliament) in April calling for 20 percent of the oil income to be allocated to the National Development Fund in accordance with the Fifth Development Plan (2010-2015) for creating jobs for the youth of the country.
Ahmadinejad noted that $9 billion has been saved in this fund since in the start of the current Iranian calendar year (March 2010) and it will increase to $16 billion by the end of the year.
He explained that this sum will added to the investment budget of the country, adding that, the sum alone is enough to create 1 million jobs annually.
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