EghtesadOnline: Despite government efforts to minimize the deficit in March 2022-23 budget, numbers seen in the fiscal budget show a deep gulf between income and expenditure.
EghtesadOnline: Contractionary fiscal policies included in the fiscal 2022-23 budget bill will lead to higher unemployment, Mohammad Reza Monjazeb, an economic expert said in an article published by the Persian daily Ta’adol. A translation of the text follows:
EghtesadOnline: The government’s projected income from tax on stock trade has declined by a massive 40% in the 2022-23 draft budget.
EghtesadOnline: On Dec. 12, Iran’s President Ebrahim Raisi submitted his proposed budget to parliament for the Iranian year 2022-23, which begins in March. According to the initial numbers, Tehran appears to assume that nothing will emerge from the nuclear talks in Vienna, Austria, and that the country will not be any more successful than it has been at evading US sanctions, reads an article published by the Washington Institute for Near East Policy. Excerpts follow:
EghtesadOnline: The government has cut its income forecast from bonds in the 2022-23 draft budget.
EghtesadOnline: Except from a few key aspects, the fiscal 2022-23 budget bill submitted by President Ebrahim Raisi to the Iranian Parliament on Sunday is not different from the budget proposed by previous governments.
EghtesadOnline: Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget.
EghtesadOnline: President Ebrahim Raisi submitted the fiscal 2022-23 budget bill to the parliament on Sunday.
EghtesadOnline: A look at the government’s proposed budget for March 2022-23 shows if passed it should be propitious for the struggling stock market.
EghtesadOnline: The government is expected to run a budget deficit of 2,800 trillion rials ($10.2 billion) by the end of the current fiscal year (March 2021-22), forecasts Majlis Research Center, the research arm of the Iranian Parliament.