Islamic Republic of Iran: 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iran
Electronic Access:
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Summary:
The Islamic Republic of Iran’s 2009 Article IV Consultation highlights that real GDP growth has slowed following the decline in oil prices, the non-oil fiscal position has become tighter, and banks’ financial situation has weakened. The recent approval of an ambitious energy price reform by Parliament could bring significant medium- and long-term benefits by increasing economic efficiency, and would help improve the macroeconomic outlook. A reduction of energy subsidies and a significant increase of non-oil revenue are needed to improve economic efficiency and achieve a more sustainable medium-term fiscal position.
Series:
Country Report No. 2010/074
Subject:
Energy prices Expenditure Fiscal policy Fiscal stance Inflation Oil prices Prices
English
Publication Date:
March 23, 2010
ISBN/ISSN:
9781451981797/1934-7685
Stock No:
1IRNEA2010001
Pages:
43
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