The previous administration's debts to the banks, private sector and contractors amount to 1800 trillion rials, some $59 billion based on the price of USD on the free market, Iranian President Hassan Rouhani said on Tuesday.
"With the help of MPs, the government will be able to create a reasonable budget plan for the next calendar year which starts March 21, 2014, to settle the debts," the Mehr News Agency quoted Rouhani as saying.
He made the remarks during his meeting with Isfahan province's parliamentary members.
"The government's performance is not perfect, but the huge amount of debts makes work difficult," he said, adding that the first priority of the government is to tackle the current problems.
Rouhani further referred to the unilateral sanctions imposed on Iran and stressed that the government should spend its revenues with foresight.