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Iran increases sale of state assets

Business Materials 30 November 2021 14:47 (UTC +04:00)

TEHRAN, Iran, Nov.30

Trend:

The Iranian government is planning to increase the sale of its extra assets and properties to finance part of the country's budget and spending, said Iranian President, Trend reports citing IRNA.

The government organizations will follow the plan as soon as possible to support production in the country, Ebrahim Raisi noted.

The plan is a necessary action to stabilize prices, calm the market and solve the budget deficit, he said in a meeting with cabinet members.

The government has also approved to supply financial resources for oil, road, and urban development projects via bartering to increase investment.

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