Azerbaijan, Baku, Oct.29 /Trend G.Mehdi/
The Iranian parliament will discuss a bill, which aims to support domestic producers through reducing their taxes and social welfare charges, the Fars News Agency quoted MP Elias Taheri as saying.
"If the bill is approved, it will cut the taxes and social welfare charges of the producers by 10 percent and 15 percent respectively," Taheri noted.
It includes other issues such as supporting the producers in terms of revolving capital special facilities, the MP said.
On October 17, the Mehr News Agency quoted Deputy Industry, Mine and Trade Minister Reza Fatemi-Amin as saying that Iran's production sector is in need of 700 trillion rials (about $57 billion).
A portion of the sum had been planned to be secured through turning 10 percent of the National Development Fund's (NDF) assets into rial based on the current year's budget act, Fatemi-Amin said back then.
"Domestic producers are grappling with many problems, as the unprecedented high rates of foreign currencies have raised production costs tremendously," he added.
The NDF has allocated $3 billion worth of its assets to pay facilities in loans to the agriculture and industry sectors, the NDF's deputy manager Mohammad-Qasem Hosseini said on September 13.
Hosseini added that the sum will be turned into rials to finance domestic projects in industry, mine, water, and agriculture projects.
On May 15, the industry, mine and trade minister Mehdi Ghazanfari said that ten percent of the NDF's assets will be allocated for supporting the domestic production sector.
Ghazanfari told IRNA that three percent of assets of specialized industry and agriculture banks will be also paid to boost the production sector.
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