President: Government managed to restore economic stability

EghtesadOnline: President Hassan Rouhani said on Wednesday that creating economic stability is the biggest achievement of the government in the past three years.

News ID: ۷۳۶۲۱۹

25 August 2016

The president made the remarks in a meeting of the Cabinet members with the Supreme Leader, reports IRNA.

The president hoped that five percent economic growth would be materialized by the end the current Iranian year.

National products growth is another achievement of the government, he said, noting that Iran's oil and gas condensates production has raised from 230,000 bpd to 2.579 million bpd.

Referring to 15.5 percent growth in the agriculture sector, Rouhani pointed out that Iran has achieved self-sufficiency in wheat production and wheat reserves reached 14 million tons, unprecedented in the history of country.

The president further noted that some 457 kilometers of railways have been built since the government took office three years ago and construction of 700 kilometers of railway is currently underway.

Some 2,500 knowledge-based companies are operating in the country, which have generated 40,000 jobs, he said.

Describing unemployment as the main problem facing the government, president said that solving the problem completely requires generating one million jobs a year.

Government's debts to banks, shortage of water resources, environmental challenges, in appropriate productivity, lack of balance in budget resources and spending and decline in oil revenues and income resources are among the other problems that Rouhani mentioned.

During the meeting, First Vice-President Es'haq Jahangiri, Oil Minister Bijan Zangeneh, Minister of Cooperative, Labor and Social Welfare Ali Rabiei and Minister of Roads and Urban Development Abbas Akhoundi and Vice-President and Head of Management and Planning Organization Mohammad Baqer Nobakht presented reports to the Supreme Leader on the government's endeavors in various fields.