Official says liberal policies not suitable for economic war

Parliament Planning and Budget Commission Spokesman Mohammad-Mehdi Mofatteh said that liberal policies are not ‘appropriate and suitable’ for economic war.

News ID: 71698

Date: 11 August 2018 - 12:59

TEHRAN (Defapress)-He termed the adoption of liberal and free market theories in the current situation of economic war as ‘wrong and incorrect’ and said, “in the current situation of economic war waged against the country, production should be supported duly.”He termed the adoption of liberal and free market theories in the current situation of economic war as ‘wrong and incorrect’ and said, “in the current situation of economic war waged against the country, production should be supported duly.”

Executive branch is the sole responsible body that should take decisive and logical decision in the current economic condition in cooperation with the two other legislative and judiciary branches of the country.

He, who is the representative of Toiserkan constituency in the Parliament, pointed to the current situation of currency and said, “under such circumstances, the government should manage current economic problems logically especially in the field of FOREX.”

The government should take the said issue in the field of foreign exchange into serious consideration, because, decision taken in this field will affect inflation, employment and recession to a great extent.”

The spokesman termed the allocation of primary market and revenues obtained from oil sales to the import of basic commodities as a ‘right and accurate decision’ and said, “at this juncture that the government experiences tough economic situation, it is necessary that it [government] should take accurate decision and support people in this critical economic situation financially.”

Basic goods and commodities should be allocated to the deprived people in the country within the framework of a quota, he emphasized.

He once again termed adoption of liberal theories and free market at the current situation of economic war as ‘inappropriate and wrong’ and said, “these theories will not work especially at the condition that the country is grappling with economic war. The government should administer whole economy of the country in the best form possible which includes producers. In the same direction, private refinery and petrochemical companies, which receive cheap governmental exchange, are duty bound to deliver their products to people with fair and reasonable price.”

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