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Tax Income to Public Budget, Expenditure Ratio Improves

EghtesadOnline: Tax revenues to government public budget resources increased from 35.1% in the year ending March 2019 to 37.5% in the year ending March 2020, as tax revenues to current expenditure ratio also improved from 2.45% to 8.47% during the fiscal 2019-20.
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Publish Date:20/September/2020 | 11:35

Share Offers Here to Stay

EghtesadOnline: Government policy to sell stakes in state-run companies will continue to generate revenue for the next fiscal budget (March 2021-22), head of the Plan and Budget Organization said.
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Publish Date:19/September/2020 | 24:04

Iran Gov’t New Housing Scheme: 65,000 Applicants Seeking Loans

EghtesadOnline: Atotal of 65,000 applicants have opened accounts with designated banks of the government -sponsored “National Housing Initiative” so far and 38,000 of them have made the initial payment of between 300-400 million rials [$1,165-1,554], says an official with Bank Maskan, the state agent bank of the housing sector.
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Publish Date:12/September/2020 | 13:21

Iranian Banks Shutter Branches to Cut Costs

EghtesadOnline: Banks owned by the government sold 280 trillion rials ($1.2 billion) in assets since January 2018, the Ministry of Economy said in a report.
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Publish Date:06/September/2020 | 24:19

Economic Operators’ Satisfaction With State Entities Improves

EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture has published the results of an annual survey on the performance of organizations and agencies of three branches of the government (legislative, judiciary and executive) involved in shaping Iran’s business environment in the Iranian year ending March 2020.
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Publish Date:01/September/2020 | 11:35

Commodities on Import Ban List Increase to 2,400

EghtesadOnline: The government has added 800 items to the list of banned imports since last fiscal year (started March 21, 2019), which bring the total number of banned imported commodities to 2,400, the head of Trade Promotion Organization, Hamid Zadboum, said.
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Publish Date:31/August/2020 | 09:23

Banks Instructed to Allot 3% of Resources for Bond Buying

EghtesadOnline: The Money and Credit Council, the top monetary decision-making body, has obliged banks to allocate at least 3% of their financial resources to buy bonds issued by the government . It issued a three-month deadline for this task.
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Publish Date:27/August/2020 | 17:44

IPO Announces Launch of ETF for 4 Refineries

EghtesadOnline: The Iranian Privatization Organization published a notice Tuesday outlining details about subscription of government shares in four refineries via an exchange-traded fund.
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Publish Date:26/August/2020 | 24:22

CBI Wants Banks to Buy Bonds

EghtesadOnline: Governor of the Central Bank of Iran says lenders should use a fraction of their financial reserves to buy bonds issued by the government .
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Publish Date:19/August/2020 | 10:10

Reward and Punishment Policy for Unruly Exporters

EghtesadOnline: Export companies have refused to return $27 billion in overseas earnings in the past two years and the government is struggling to bring the money back by resorting to a mix of pliability and penalty.
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Publish Date:19/August/2020 | 10:02

Auto Parts Localization Could Save $2 Billion

EghtesadOnline: Iranian auto industries can reduce capital flight by $2 billion, if the government were to support their localization efforts, secretary of Iranian Auto Parts Manufacturers Association says.
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Publish Date:18/August/2020 | 10:04

Gov’t Tightens Export Rules

EghtesadOnline: The government announced limits on the amount of export by owners of new commercial cards. The decision was approved by the Cabinet earlier in the month and sent to relevant administrative bodies on Thursday.
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Publish Date:15/August/2020 | 09:09

Central Bank of Iran Sees Reason in Gov’t Oil Presale Proposal

EghtesadOnline: The governor of Central Bank of Iran has backed a government crude oil presale plan of action for domestic buyers, saying that it is one of the few government options to fund the budget deficit in a “healthy” manner.
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Publish Date:13/August/2020 | 09:22

Iran Gov’t Decides ETFs Are Ideal

EghtesadOnline: The economy and oil ministries said Tuesday that they would stick with the previously announced method to divest government shares in four refineries via an exchange-traded fund and this week’s decision to offer shares only in blocks has be rescinded.
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Publish Date:12/August/2020 | 10:25

Bonds Worth $132m Sold in Weekly Auction

EghtesadOnline: The government sold 30.4 trillion rials ($132 million) in Islamic bonds in the interbank and stock market during the weekly auction on Tuesday. As per an earlier announcement, it was to offer Murabeha bonds worth 50 trillion rials ($217m).
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Publish Date:12/August/2020 | 10:21

Trade in Justice Shares Revised Upwards

EghtesadOnline: The government has announced that holders of the so-called “Justice Shares” can henceforth trade 60% of their shares. Initially, in May it had allowed tradability of only 30%.
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Publish Date:11/August/2020 | 17:34

Trade in Justice Shares Revised Upwards

EghtesadOnline: The government has announced that holders of the so-called “Justice Shares” can henceforth trade 60% of their shares. Initially, in May it had allowed tradability of only 30%.
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Publish Date:10/August/2020 | 10:16

Investors Pour $695m in Exchange-Traded Funds

EghtesadOnline: The government earned 160 trillion rials ($695 million) by selling its shares in state companies via the stock market -- a figure far beyond initial projection in the fiscal budget (March 2020-21).
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Publish Date:09/August/2020 | 10:37

Iran: Bonds Worth $191m Sold

EghtesadOnline: The government sold 44 trillion rials ($191 million) in bonds at the weekly auction on Tuesday. So far it has generated 464 trillion rials ($2 billion) in nine auctions that have been set up to help plug budget deficits.
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Publish Date:30/July/2020 | 11:18