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Iran’s budget bill aims to reduce dependence on oil income, increase production

Business Materials 25 September 2014 09:53 (UTC +04:00)
The national budget bill for the next Iranian calendar year has prioritized the policies of reducing dependence on oil income and increasing productivity.
Iran’s budget bill aims to reduce dependence on oil income, increase production

Baku, Azerbaijan, Sept.24

By Fatih Karimov - Trend: The national budget bill for the next Iranian calendar year has prioritized the policies of reducing dependence on oil income and increasing productivity.

The Iranian presidential office for planning and strategic supervision affairs published a communiqué, outlining 12 main policies to reduce dependence on oil income and increase productivity as the main themes of the national budget bill for the next year, Iran's Fars news agency reported on Sept. 24.

Improving the efficiency of state-run organizations in job creation plans, downsizing the government, and modifying the governmental administrative structure are some of the most important policies.

Boosting non-oil exports, developing productive human resources, speeding up the scientific progress, and promoting social justice are some other important policies.

In June, Iranian Economy Minister Ali Tayyebnia underlined the new government and his ministry's steadfastness to resolve the existing economic problems and, meantime, decrease the country's dependence on oil revenues.

In December 2013, Gholamreza Assadollahi a member of the Iranian Parliament's Planning, Budget and Auditing Commission, said that the share of oil revenues is expected to go further down in the next Iranian calendar year's budget to 40 percent.

The current Iranian calendar year began on March 21.

Ali Askari, the head of Iranian National Tax Administration, says "During the past couple of years, we have implemented the Comprehensive Tax Plan, we have created the necessary capacities, the IT infrastructures have been prepared and installed, and the new regulations are being introduced. During the next few years, Iran will significantly increase its tax revenues so that these tax revenues will have a bigger share in the country's GDP."

Edited by CN

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