رییسی خبرگان

In period since the beginning of government, we have tried to curb money creation and increase liquidity and not borrow from central bank, president said.

IBENA – 2022 budget bill was prepared without a budget deficit and taking into account realization of 8 percent economic growth, while in previous years average economic growth of the country was less than one percent and about 0.4 percent, Dr. Raeisi said in official meeting of Council of Experts.

It is possible to achieve goal of 8 percent economic growth or not? He answered; According 2022 budget document, if expenditures are controlled, revenues increase and liquidity is directed towards production, realization of this goal is not far.

Explaining how to achieve 8 percent economic growth: By two steps of increasing investment and increase productivity, we have taken a step to this goal. The government has been able to run large companies to carry out 48 large projects with more than $ 17 billion in credit, and banks have been required to guide invest in production rather than areas such as real estate, gold and foreign exchange, and similar unproductive activities, Ayatollah Raeisi said.

Normally, when large companies and banks are activated in the economy and production, private sector is also encouraged to increase the presence, he stated. Ayatollah Raeisi said: In period since beginning of the government, we have tried to curb money creation and increase liquidity and not to borrow from Central Bank. As a result of these measures, inflation rate, which was rising sharply and breaking 70-year-old records, has stopped today and is moving downwards.

Presenting some statistics, including a decrease in monetary base growth from 42 percent to 33 percent, a 12 percent decrease in net debt of government to central bank and a significant increase in oil and non-oil exports and revenue collection, he added: All is in a situation where there are sanctions and threats that some have said are hampering oil sales and non-oil exports.

Referring to significant increase in trade with neighboring countries, some accuse us of looking one-dimensional to East and say, the government is looking to the East. This is not true and the government seeks to develop relations with all countries and create a balance in country's foreign policy, president said.

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