EghtesadOnline: The government’s total revenues and spending in the last Iranian year (ended March 20, 2018) stood at 3,200 trillion rials ($76.19 billion), registering a 13% rise compared with the year before, a preliminary report by the Management and Planning Organization of Iran reads.
EghtesadOnline: As the impact of the previous year’s boost in oil production and exports dissipates, Iran's overall growth rate is expected to stabilize at around 4.2%, with a larger contribution from the non-oil sector.
EghtesadOnline: Iran’s banking system is now preparing a new credit card scheme for supporting locally produced goods, following a previous plan that failed to take off.
EghtesadOnline: Budget deficit, the mismatch between the government’s spending commitments and what it is projected to earn in oil revenues, taxes and other sources of income, has been a way of life for Iranian governments for most years since the early 2000s.
EghtesadOnline: An entity established by Iran's private sector for attracting foreign investments mainly by identifying and introducing feasible projects has begun its work in earnest in recent months.
EghtesadOnline: The comparatively low share of oil exports to GDP reflects Iran's relatively large and diversified economy.
EghtesadOnline: Islamic Republic of Iran Customs Administration's latest report shows China remains Iran’s top trading partner.
EghtesadOnline: Iran's government spent 316.3 trillion rials ($5.27 billion) on development projects in the first 11 months of the last fiscal year (March 21, 2017-Feb. 19), 70.1% more than the similar period of the year before.
EghtesadOnline: Iran’s non-oil foreign trade in the last fiscal year (ended March 20, 2018) stood at $101.23 billion, indicating a 15.5% rise compared with the year before.
EghtesadOnline: I ran's government decided to finally put an end to the dual foreign exchange regime, in an attempt to control the bullish foreign exchange and gold markets and promote safety of foreign investments.