they should offer their own shares and the people of bayan should participate in the shares of the companies. it is also foreseen in boresh project fund. project fund means that we create a fund for a specific project . anyone who wants enters that fund and buys a part or part of that fund . this fund actually starts a project with the help of it. for example, we had power plant projects that were financed by the project fund method. we give in the stock market is especially crowdfunding or crowdfunding. in this way , this platform is also allowed in the stock market.

on this platform, those who want to bring their contributions participate in a big project that is being implemented, for example, suppose a residential town is being built and a building developer creates this platform and those who they want to participate in the construction of this settlement complex, no matter how much money. there are 5 million tomans, 50 million tomans, 500 million tomans , among them, in this platform and in this platform we believe that diversifying financing methods can help the growth of production with the participation of the people, but a part of it is privatization or the implementation of principle 44, which causes problems. he had provided mandy with the fact that he always looks like this. which is sometimes incompletely implemented

, it has gone more towards the granting of ownership so that the management of the people does not play a role in the management of these units, they buy the shares , but the management and exploitation, because we exploit it, is one of the pillars that is very effective in economic growth , the people do not play a role in practice. it is absolutely correct, it means that we in the government should move in this direction. companies whose ownership is high percentage related to the people, we should provide their management to the people. it means that the government cannot actually take over the management of that company with the management shares it has. now do you have an implementation mechanism for it, or is it an idea, not this mechanism works. it means that the government should not choose the ceo, but the government should choose the board of directors. we call these types of companies quasi-government companies. that means we have companies now. although its ownership structure is of the company type

it is not a government. a state-owned company means a company whose shares are more than 50% owned by the government. we have quite a few cases. there are companies in which the government's shares are less than 50%. but the management of that bovanga is actually determined by the government, that is, honorable ministers or the vice president, its ceo , its board of directors. by the way, in the discussion of real privatization, an important step that we must take now is to gradually cut off these, that is, the exercise of power or the ruling exercise of management on the part of the government. with a government regulation actually these can be done with a decision made in the privatization organization. very well, one of the points. it is very important, doctor, to formulate a strategy or

policy for industrial development in the country . those who work in the field of industry always complain that we do not have an industrial strategy for the country, which is basically our policy towards supporting the assumption of large companies or what is your promise to support smes and small and medium enterprises? what is our strategy in the 7th plan ? your organization to finance it, especially in projects which can be the economic front in this industrial policy strategy can be very effective and determine what specific plan you have to develop this way and implement it so far several stages of documents have been produced both in the period of reforms and in the period of the 9th and 10th governments and also in this government, we started to review this document again, the document

of industrial development strategy or industrial development first in the government in the last two years in connection with ted. at the beginning of this year, this document should be finally announced by the government. by the way, the work of compiling this document started on the very day of the beginning of the 13th government. the excellent planning and management complex , which is under the budget program organization, started a relatively scientific and intensive work by an elite capacity of our colleagues, and this

version that has been produced now, maybe, god willing , it can meet most of the expectations. it is possible to ensure some important indicators from this document . we have grouped the different sectors of the industry to see what industry we should focus on in each group, especially in the big industry, which industries are our relative disadvantages, especially in the technological sectors in the sectors emerging and emerging industries, how should we behave in the traditional sectors, how should we move in the mining sector. what kind of support should we do? all the measures we should have as the government confronts the industry . it defines the government's interaction with industrialists and industrial units. these

are seen in this document. we also have the experience of other countries. we checked, that is, according to the review of the experience of other countries and the industrial strategy documents that have been produced in other countries and are currently based on them, according to the local capacities that we have in we have an economy and according to the experience of the documents that have been written before, this document has now been compiled and its emphasis on the relative positions of the field of the document is exactly the same. marsh industrial should not be affected. will it be closed? will it be abandoned? no, it will not be closed. we will not go to the open side, in fact, the production and development of that industry. therefore , if we are in the mining sector, now in the world we see that deep excavations in the industry in mines. it is being done and instead of surface development, the mine has deep development

it happens that we have to develop the technology of deep development of mines in the country, one of the axes in the issue of popularization. the economy can be very effective, the issue of cooperatives is discussed, and again in this area there is a complaint that cooperatives, despite the fact that we have a lot of emphasis on cooperatives both religiously and culturally, but as it should be, the contribution of cooperatives in the economy we don't have enough contribution to strengthen this sector. yes , well, we in the ministry of cooperation. work and social welfare is actually one of our main missions to deal with cooperatives, support cooperatives and expand cooperatives. of course, i believe that cooperatives

are also one of the forms of business, that is, just as we have different types of companies , public joint stock companies, private joint stock companies, etc. these are different groups of companies with different rights and with different legal and legal arrangements foreseen in the commercial law , and they are one of those forms for the business of cooperatives. therefore, cooperative is not a very different phenomenon from other types of companies. a cooperative company is a company that is an organization where some people decide to do an activity collectively. property rights in cooperatives there is a way that one vote is defined based on each person. the only difference between a cooperative and a joint-stock company is this. in a common stock, someone can

own a high percentage of the shares, and they get the right to vote accordingly. but in the cooperative , anyone can find any amount of share. again , it will have practically one vote. this is the boundary between the cooperative and other companies. in our opinion , how far should we expand the cooperatives? this will go away. according to the luck of the people, that is, the people themselves should see whether most of their interests will be secured in the form of a cooperative company or in the form of a private joint-stock company or in the form of a joint-stock company. in general, we have legal capacities now, and the law of the country provides that economic activists can choose any of these according to their own judgment, according to the opportunities it creates. well, maybe we, for example, model we didn't introduce successful cooperatives

, and people still think that private and public shares can work better , that is, the platform is not well prepared for people to know how much a cooperative can have a positive effect. i said , what the government should do is: legal protection of cooperative companies as stated in the relevant laws do what is expected. we now have the cooperative development fund in the country, which supports the cooperatives. we have the cooperative development bank, and therefore, financial institutions have been created that can support the cooperative sector. but if we see that our cooperative sector has not prospered much, maybe this is due to the fact that the people themselves assess that their interests are better served in another format. cooperatives are mainly for self-consumption activities, not for activities that want

to offer their services to outsiders. for example , what is the function of a consumer cooperative? there is an office in a village, they decide together to buy the goods at a wholesale price and explain among themselves the appropriate price . who will benefit from it? the shareholders themselves , the members of the cooperative. or, for example, agricultural cooperatives, several farmers together in the village decide to find better bargaining power in order to sell their products better , they form a cooperative company together and sell this product through the company, so i want to share this. let me say that the capacity of the interlocutors is a limited capacity, that is, if we look at the world now let's say you study in other countries , for example, in germany, what percentage of the german economy is in the hands of cooperatives, or

let's assume that in other countries, in the same country as our neighbor, in turkey, mainly the cooperatives are used to meet self-consumption needs, of course, if a group recognizes that in the form cooperatives can start a big business and this big business can achieve high profitability. the government definitely supports it. we have now defined the role of cooperatives in the seventh plan . no, during the fifth plan, a target was set for the share of cooperatives to reach 20%, which is actually it did not materialize , the reason i am saying is that we cannot force economic activists to behave in the form of cooperatives, they prefer to do so in a different form , so the government does not have the means to form a business in our opinion. the format of the business

is very important. if any format can lead to production and provide the interests of shareholders and members, we will definitely support it, and for this, legal guarantees, legal supports and the support that the government should provide. it has been seen, but it is your opinion that there are many companies in the form of cooperatives huge big joints. this is my opinion as an expert, but now other friends may not have the same opinion as mine. very well, and about using the capacity of people's participation, especially in finishing half-finished projects in these fields, because the budget law mentions one case every year, but again there. as expected , we were not very successful. the entry of the non-governmental sector or the private sector into

the government's plans is one of our important approaches in the 7th plan . private partition, public private partnership , is one of the models that governments do not directly themselves. get involved in project implementation and project exploitation . for example, suppose we want to implement a sewage collection project. well, we can with a private investor. be a party to the contract. finally, he invests, uses people's own resources. they use the money from the banks and this system implements the collection of sewage and the approval of sewage. what does the government do? the government buys the product from him, which means the amount of wastewater

produced. if this service is done, the government will thesis purchase contract. the experience of implementing this method has been very successful in several cases. we are looking to bring the private sector into construction projects with this method. yes, that is, we have come . instead of the government going to build a power plant, a private sector comes, its resources come from the national development fund or banks, or it brings itself or a foreign financier provides foreign finance. this power plant is built, and the government buys its product from guaranteed price at a price that

is affordable for him, so now our power plant development is completely he is doing it in the same way. the major development of our roads, many of the country's major roads are practically built in the same way, that is, an investor comes , a bank participates with him, this major road is built for a period of time , and he actually receives major road tolls from the place where he earns more. he actually settles his own capital and after that this project is transferred to the government, so this model.

it is that the government does not directly enter into construction projects and so-called capital asset acquisition plans, we should use the capacity of the non-governmental sector and support them. let's see how many half-completed projects will be completed with this method. i don't want to tell you the number right now , but i told you the basics. and our plan for next year is to develop this . in the 7th plan, by the way, we brought several legal provisions to assure the investors that if they engage in this type of interaction with the government , their interests will definitely be secured, and we obliged the government to they must move in this direction

, so the organization of the program as a law enforcer it will actually do this. another thing that we started with is the number of plans that we have in the budget annex is a significant number , it is more than 3 thousand plans and projects that the government is currently implementing at the country level . of course, these are the national plans. i think the number of provincial projects is much more than this. well, we are interested in handing over these semi-finished projects under attractive conditions with the same public-private partnership method. we should offer these to non-governmental investors. the private sector should evaluate these and see if there is any benefit in these. or not, we must give good incentives, that is, we must provide incentives that will create attraction for someone to come instead of leaving, for example

, to start a new unit from scratch with his own resources. 50 has gone forward to the end. take it and complete it. the benefit of the government is the benefit of the people in the fact that we move more in the direction of popularizing the economy. this is the approach that we will follow, god willing, so that we can expand the participation of the private sector in the infrastructure and construction projects of the government, god willing, mr. dr. in short, the central bank promises to reach 20% inflation or at least in the 20% channel, i hope this 20% channel does not mean 29. however, with the budget deficits that we are witnessing , it is one of the problems in this area, and it can be seen in the budget openly and secretly, and of course, the land price these days. anyway, it has grown a lot and people are under pressure because of this. i think that with all these challenges

, will it be possible to achieve this inflation rate in the next year or not? yes, i mentioned in the introduction of my letter that last year we witnessed a good move towards reducing the inflation rate, especially point by point of course, the inflation result of this point -by-point reduction will be the same as the 12-month average of our goal to be able to enter channel 20 and , god willing, reach a single digit figure by the end of the program . we know and know how inflation is formed, the government is trying to turn off this engine, i will show you the examples. one of the factors that lead to inflation is the government's budget deficit, according to the opinion of the leader of umm al-khabae's budget deficit, that is, when the government

runs into a deficit, this imbalance of the government itself the rest of the country gets supplies , it destabilizes the banks. 1402 that we passed, we were able to completely avoid the formation of a budget deficit by managing the government's resources and expenses, which would lead to the government's access to banking resources . you see, last year we did not even use the central bank's agents because we were worried. we wanted the monetary base to increase. no government last year , it did not put any pressure on the banking resources for its administration. look, we issued 180 and about 7 thousand billion tomans worth of bonds last year

. it used to be that in the previous years, these bonds were distributed among the banks, and the banks would come and buy the bonds. when the banks are faced with a lack of resources, because they bought these bonds, they stop. overdrafting from the central bank, in other words, led to an increase in the monetary base and led to the growth of our liquidity . we gave these to the contractors in the form of islamic treasury documents or offered them in the stock market. people buy these at the rates that we have made attractive now, and i think 5% to 25 and a half percent, because the government bonds are risk-free bonds, and usually

the financing funds provide 1% of their assets. they keep government fixed income bonds because it is risk-free. we sold all our bonds in this way last year. 187 thousand billion tomans worth of bonds without going to the central bank, let's go to the banks. we sold the bonds, compulsory education is only the part that was approved by the parliament, we do not do any homework to the banks as the government budget, we didn't do anything for the next year , by the way, we saw our resources much more secure, for example, because this year we saw that our oil revenues were as much as we had predicted. the oil revenue was not realized in the budget. in the following year, we reduced it, of course, if i say that our oil income did not materialize, it does not mean that our oil export decreased, but that our oil export increased significantly compared to 1401, but a part

of this export is our oil income in the form of tatar. used oil, for example , with the legal permits we had , we provided a part of our oil to the ministry of roads and municipalities, so that he can finance the development of the road and railway infrastructure by selling oil . it is suitable, it means that it works. it works. yes , the methods that we used with permission or by asking permission from us, we made a part of our oil resources available to investors, and these investors participated in our construction projects . this is a specialized job of the ministry of oil, which can sell oil in the world, yes, the ministry is not specialized rahushsari, which is a non-specialized work , do this work, do you see that it is about resources, not selling

minutes. i am saying this because this question may be in the mind of some other friends . actually, in these cases, the ministry of roads and urban development does not sell oil itself, but the intermediary companies that know the world markets and specialize in selling oil. this is the quota that the ministry the people in possession of the road use this quota and actually sell it. its resources come through the treasury and are placed at the disposal of the ministry of roads and urban development. year in the future, we went to more sustainable sources. where we thought that the resources would not be reduced , we did not foresee in the budget that we would like to define the cost based on that. for example, in the discussion of handing over property and assets. last year, about 100 thousand billion tomans were predicted, but actually, maybe 10% of this was realized. according to the conditions of the housing market, etc. , our property market was not such that we

could buy 10,000 million. we have actually reduced this number by half this year , and god willing, we should try to increase this number to 50. the percentage that we predicted will be realized and therefore our incomes for the next year are relatively reliable. we have also seen the growth of the budget in such a way that we do not put pressure on the economy because you know that the government itself is one of the big consumers. let's put more pressure on the government's budget. we came to manage inflation, in fact , we turned off the inflation engine through the government, and a part of it, mr. doctor, says that it is related to the companies that are directly owned by the government that supply raw materials for the industry, let's say petrochemicals, steel and these materials. primary though it is domestic, it is not dependent on the outside , it is being produced inside, but it is available at international prices, and this is why the price has gone up and

increased. these need to be regulated, and the ministry of economy and finance, which is practically the sponsor of the commodity exchange market, must intervene more on this matter so that the concern you have, your excellency, is resolved. goods that can be exported and consumed domestically should be in such a way that they do not cause inflation in the country, this is one of the concerns of the government and we in fact, we will intervene on this issue. we have 30 seconds. yes , i meant it. we are turning off the inflation engine . the government has adjusted its budget. we issued bonds . i want to tell you that all these bonds that were issued were used to repay the bonds of the previous periods. even last year, we spent 50 thousand billion tomans from 1402 resources to repay the principal

and interest of the bonds in excess of the bonds issued. this is a great achievement. it was important for the government that we are the government we don't manage with bonds, we manage the government with stable resources, the central bank is following the rules in the growth of liquidity , we have non-performing banks, we are responsible for this task , two institutions have been dissolved and other banks have overdrawn. they are being controlled by the central bank , we are controlling the growth of the banks' balance sheets, and all this has caused the growth of the monetary base to reach 266 , and the liquidity ratio has decreased. inflation targeting has been achieved. thank you very much mr. doctor, we have run out of time, we would have liked it to continue, but time does not give us this opportunity anymore. thank you for watching. have a good night and god bless you.

in the name of allah, the most merciful, the 60 liters of gasoline quota has arrived. a change in personal fuel smart cards was welcomed. according to the announcement of the national oil products distribution company, the fuel quota for public and service vehicles was also deposited according to the quota table of the fuel consumption management plan. this company also announced that by sending numerous operational groups and inconspicuous patrols to the service stations of the country , it has carefully managed the fuel distribution operation in the country.