Iran's reformist government said on Monday it would draft a revised plan for development of the economy after conservative parliamentarians in August voted down key sections of an earlier blueprint.
The original document, covering 2005-2010, sought to accelerate privatisation and foreign investment. It envisaged average economic growth of eight percent over the five years, up from the 6.7 percent in the year to March 2004.
"These changes made (by parliament) will hamper achieving the quantitative targets of the plan," Government spokesman Abdollah Ramazanzadeh said at a weekly news conference.
"The Management and Planning Organisation has been assigned the task of drafting an amended version in 20 days," he added.
The government has long been threatening to ditch the plan rather than let its spirit be perverted by conservatives. Hard-line parliamentarians took up their parliamentary majority in late May after thousand of liberal candidates were barred from standing in elections.
Ramazanzadeh declined to say what amendments might be made to the original plan. He did not comment on whether amendments were encouraged by a ruling on Saturday from Iran's top legislative arbitration body that allowed large-scale privatisation's.
The Expediency Council revised the country's constitution to allow ceding Iran's core infrastructure such as downstream oil and gas sectors, mines, banking, insurance, telecommunications, airlines and shipping to the private sector.