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Iran's Deputy Minister of Economy and Finance: country should use tax incomes to pay for budget expenses

Business Materials 15 May 2013 16:16 (UTC +04:00)

Azerbaijan, Baku, May 15 /Trend S.Isayev, T. Jafarov/

Till the end of country's 5-year development plan, Iran should use the tax incomes to pay for the budget expenses, Iran's Deputy Minister of Economy and Finance, head of Iranian National Tax Administration (INTA), Ali Asghari told Trend.

"This is needed to reduce the dependency on oil money in government's budget," Asghari explained, answering the question regarding the current state of Iranian economy.

The official said that the plan to use tax incomes to pay for budget expenses has been around for a long time, it has not been implemented last year or this year.

According to Iran's solar year budget bill, the tax revenues are set to increase to 530,220 billion rials (approximately $43 billion), indicating a 16 percent growth compared to the previous year.

This is while the bill projected a $31 billion crude exports income, which is a nearly 40 percent decrease compared to the last year.

"Within the context of our program, we put the tax income into the annual budget bill, and follow this course," Asghari said.

While some international organizations have stated that Iran's economy experiences slow growth, Asghari noted the opposite.

"I do not think that the growth of Iran's economy is at zero. It has a positive tendency," Asghari said.

He noted that considering the potential of Iran's economy, it won't be hard to complete the plan on tax income.

"According to our program, we have already implemented the tax income plan on 95 percent," he said.

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