EghtesadOnline: Net earnings of eight state-owned banks and the Central Bank of Iran has been forecast at 3,247.7 trillion rials ($6.186 billion) in the March 2023-24 draft budget.
EghtesadOnline: Many experts believe that the newly-unveiled budget bill for the fiscal 2023-24 suffers from countless structural problems.
EghtesadOnline: A significant part of the 50% rise in tax income owes to high inflation, which is expected to remain above 40%
Average monthly tax earnings increased from 150 trillion rials ($454 million) in the fiscal 2020-21 to 250 trillion rials ($757 million) in 2021-22 and to 400 trillion rials ($1.2 billion) in 2022-23.
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.