A meeting of the Economic Coordination Headquarters, held on Saturday and chaired by President Masoud Pezeshkian, reviewed the latest economic indicators and key issues, with economic officials stressing the need for greater coordination, coherent decision-making and stronger executive capacity to manage the current situation.
Economic officials and deputies from several executive bodies presented updated reports on the areas under their management and emphasized continued coordination among economic agencies and the adoption of integrated policies.
The Ministry of Economy presented a report on the government’s financial situation and requirements for managing resources under the country’s special circumstances.
Given the wartime conditions, changes in oil and tax revenues, and the need to continue providing public services and financing the country’s essential needs, the report stressed the need to make targeted use of available capacities, enhance coordination in fiscal policies and design implementation mechanisms suited to the new conditions.
The Plan and Budget Organization also presented a seven-point proposed package aimed at managing the current situation, strengthening coordination among economic policies and creating new capacities to help the country overcome the challenges ahead in a more orderly and less costly manner.
Another part of the meeting focused in detail on developments in the foreign exchange market and recent fluctuations. Various aspects of the market, factors affecting foreign currency supply and demand, and policy requirements in this area were examined.
The meeting stressed the need to strengthen coordination among foreign exchange, trade and fiscal policies, manage expectations, maintain the supply of foreign currency required by the real sectors of the economy, and adopt coherent and forward-looking decisions.
It also emphasized the need for continued close monitoring of market developments and greater use of the capacities of economic agencies to improve coordination in policymaking.