BAKU, Azerbaijan, Feb.4
Trend:
Iran is seeking to use alternative options to finance its budget, including taxes, privatization, bond sales on stock exchange, said Minister of Economic Affairs and Finances Farhad Dejpasand said, Trend reports via IRNA.
"The oil sale revenues have declined, but the budget costs should not be reduced, so we searched for alternative resources and tax revenues was a healthy resource," said Dejpasand.
"Tax revenues in the past ten months of the current Iranian year (started March 20,2020) indicated good performance," he said.
"Another resource was sale of securities via the stock exchange, even private enterprises have traded their bonds at the market," he said.
"Privatization, tax and bond sales helped us to provide finances and there was no need to use resources of the Central Bank for the budget," he said.
"The statistics indicate the profit of stock companies in the first nine months of the current Iranian year (started March 20,2020) has tripled, compared to the same time of the last Iranian year (started March 21,2019)," he said.