According to the Shahr-e-Bourse, Seyed Ali Madinizadeh, Minister of Economic Affairs and Finance, at the opening ceremony of the annual capital market conference , referring to the official naming of “Capital Market Week” in the country’s calendar, noted: “This year is the first week in December that these days are named as “Capital Market Week” in the official calendar, and we take this as a good omen.”
He listed the three main challenges facing Iran’s macroeconomics as rising inflation, economic stagnation, and declining long-term growth, and emphasized: External factors and international conditions are part of the problem, but domestically, the accumulation of budget, banking, and energy imbalances over the past years, along with a sharp decline in labor productivity, has resulted in nothing but continuous inflation and a high exchange rate.
Madanizadeh considered the “no war, no peace” atmosphere in the second half of last year to be a heavy blow to the economy, explaining: This uncertain atmosphere caused producers to have no clear horizon and investment to decline sharply.
The Minister of Economy announced the government’s main strategy as decisively combating inflation and supporting household livelihoods, stating: “In the first step, we are seriously seeking to eliminate budget imbalances and reduce the deficit, and the second step is to treat banking imbalances.”
He described the gradual elimination of rent without shock to society as one of the government’s most important programs, adding: “Renting takes resources out of the country; we are determined to eliminate this rent from the economy.”
Madinizadeh unveiled two key policies to combat the recession, saying: first, using the “National Credit Plan” to inject targeted liquidity into the hands of the people, and second, providing tax discounts and facilities and extensive social security to companies.
The Minister of Economy considered the government’s main long-term strategy to be sustainable growth through increased productivity, and emphasized: This goal will be achieved by giving space to the private sector, improving the business environment, and eliminating restrictive laws.
He announced that highlighting the role of the stock market in long-term investments is the government’s priority, and unveiled the important “Royesh” plan, noting: This plan consists of a set of tools that will be implemented soon and will help return underground gold and domestic currency to the economic cycle.
In conclusion, Madinizadeh emphasized the first priority of the Ministry of Economy and stated: “Our main priority is to restore people’s trust in the capital market, and the growth plan will demonstrate the government’s serious commitment to this issue.”
