TEHRAN (Iran News) –Deputy Finance Minister Hadi Sobhanian says per capita of Iranians in the past decade has declined by 32% and it bespeaks of one decade of economic pressure on the people.
Speaking at a presser, Sobhanian said that the economic growth of the country in the past decade (between 2022-2012) has been one percent and if we exclude last year, the economic growth has been 0.5%.
He went on to say that the per capita of the people in the past decade has nose-dived, adding that the per capita has declined by 32% which shows economic pressure on the people. He added that in the same period, capital in the field of machineries and construction has faced a downward trend and has been less than 8% of the schedule which has not been materialized.
He noted that in the past decade monetary base and liquidity growth rate has soared highly in a way that liquidity has increased from 639,000b tomans to 5 trillion tomans.
Sobhanian noted that in recent years the average inflation rate has been more than the past 30 years and if the reforming measure had not been taken, the country would have experienced higher rate.
On the fate of return of coupon to the market, he said that it has been delayed due to technical problem and the government will abide by the law and will implement it as the law has stipulated but the government is working carefully for its implementation in order to avoid problems and challenges for the people. He noted that scheme of using coupon will be implemented tentatively next month.
Sobhanian went on to say that the government is determined to control growth of liquidity and restoring monetary disciplinary and stability in the forex market. He added that one of the important tools of the government to control the inflation is to manage creation of money in the banking network and it is to increase its monitoring over the banking network.
He also added that the government is working hard on transparency in the monetary system of the country especially financial balance of banks and state companies, reiterating that the current government is working hard to eliminate golden signatures and bring justice for the businesses.
Sobhanian also noted that the government has increased the amount of loans and banking facilities as it has increased from 1300b tomans to 19,000b tomans in just one year and the number of banking facilities has increased during the current government.
He reiterated that the government is determined to bring justice to the tax system of the country and it is the first priority of the economic team of the government. He reiterated that the tax system od the country is being smartized and over 8m commercial banking accounts have been identified during the current government which will be important for bringing the justice to the tax system of the country and loopholes for dodging tax payment will be closed.