TEHRAN, Iran, November 7. Investment in Iran’s state-owned companies had 70 percent growth during the last Iranian year (started March 21, 2021), said the Deputy in Plan and Budget Organization Babak Afghahi, Trend reports citing IRNA.
The report released by the Plan and Budget Organization on the performance budget of 390 state-owned companies in the last Iranian year, the first six months of the current year (starting March 21, 2022), and the prediction for the next Iranian year (starting March 21, 2023).
According to the report state-owned companies had a 70 percent
increase in investment in the last Iranian year.
A total of 567 trillion rials (about $135 a billion) is predicted
to be invested in oil, gas, petrochemical, energy, transportation
water and agriculture sectors and part of investments were provided
via allocation of state-owned companies' assets.
The following investment would have a significant role in the country’s economic growth, the report predicts 16 trillion rials ($3.8 billion) in tax revenues from state-owned companies.
State-owned companies had a 49 percent increase in revenues during the first half of the current Iranian year (started March 21, 2022).
The report predicts state-owned companies will have fewer financial losses in the next Iranian year (starting March 21,2023).