Diagnosis and Treatment

Shortly after unveiling the first draft of the economic stimulus package titled "Roots of stagnation and stag-exit policies" the administration of President Hassan Rouhani unveiled the final draft of its 1st edition with the title of "Government's economic policies towards non-inflationary exit from the recession of 2012 and 2013". The latter package (32 pages) which was published 12 days after the former one (14 pages) on the 4th of Iranian month of Mordad (July 26th) had a "classified index" and was mainly focused on stag-exit solutions. It can be perceived that Rouhani's economic team seeks a cure after diagnosis and achieving a consensus on the nature and causes of the current economic recession in Iran.
Last week, Dr Masoud Nili economist and senior adviser to President Rouhani talked about the package on a TV program (PAYESH); "Firstly, it is of crucial importance for the nation in macro-level. Secondly, it is the outcome of effective teamwork and, lastly, it is the written word and the administration publishes a document prior to its enactment." he said.
According to the government, experts and economists have ten days to express their views and opinions about the policies and approaches in the package to combat recession and stagnation. In other words, the officials will be collecting the views until 5th of August, of course some points of views had already been considered in the package. In the next step, the government will deal with the recession through comprehensive measures.
Prior to its unveiling, 173 articles had been announced for the package, 141 of which needs the Parliamentary approval. Nevertheless, the final draft comes with 177 articles: chapters of "Macroeconomic policies", "Improving the business environment ", "financing" and "stag-exit stimulus and policies" consist of 52, 22, 41 and 62 articles, respectively. 68 articles are already enacted and can be put into practice by one executive branch of the government. 48 articles need the Cabinet approval, 30 articles need to be passed through the Parliament and the other 31 articles have already been enacted. In chapter 4 "Energy", "non-oil exports", "Industry and mining sector" and "real estate" are introduced to act as catalysts for exit from recession. It seems that the final draft has been summed up albeit in a short time.