President Hassan Rouhani, Majlis Speaker Ali Larijani and Judiciary Chief Ebrahim Raeisi also discussed coordination among the branches of government in line with managing the country under the sanctions. Rouhani said his administration is making efforts to resolve the people’s economic problems.
To counter the effects of sanctions, the government is taking compensatory measures. During a session of the council on July 27, four strategies to compensate for budget deficit were approved.
Transferring government’s assets, using forex reserves, selling Islamic bonds, and withdrawing 450 trillion IRR (about USD10.714 billion) from National Development Fund (NDF) were the four strategies approved in that session. The generalities of a modified budget plan, which has been restructured in line with the country’s “resistance economy”, were approved.
The modifications consist of four major parts, which are “sustainable revenue resources”, “effective expenditure”, “promoting stability, development and justice” as well as “fundamental modifications of budgetary system”.
They are aimed at reducing the country’s dependence on oil money and promoting economic stability under the umbrella term “resistance economy” ordered by Supreme Leader of the Islamic Revolution Ayatollah Ali Khamenei.
It was decided in that session that the council would study the priorities in the amendment plan in its next gathering.