tag Iran budget

MPs Ratify Budget Financial Measures

EghtesadOnline: Members of Iran’s Parliament ratified a number of financial measures relating to bonds, finance and loans among other things during their latest open session on Tuesday to discuss the fiscal 2018-19 budget. Some of the measures were tweaked to comply with Islamic and constitutional precepts vetted by the Guardians Council.
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Publish Date:13/March/2018 | 07:50

Parliament Levies 1% Tax on Mineral Sales

EghtesadOnline: Parliamentarians have mandated the government to tax 1% of miners’ total sales and deposit the earnings with the treasury as part of the next fiscal year’s (March 2018-19) budget.
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Publish Date:12/February/2018 | 06:30

New Income Tax Rates Determined

EghtesadOnline: As approved by the Iranian Parliament on Sunday, those with an annual income of less than 276 million rials ($5,872) will be exempt from paying income tax in the next Iranian year (March 2018-19).
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Publish Date:05/February/2018 | 14:34

MPs Approve New Budget Outlines

EghtesadOnline: Iranian lawmakers approved the revised outlines of the budget for the next fiscal year (March 2018-19) on Wednesday, clearing the way for its detailed sectoral voting in the weeks ahead.
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Publish Date:03/February/2018 | 11:56

Budget Takes Aim at Wealth Inequality

EghtesadOnline: President’s Special Aide on Economic Affairs Masoud Nili said the income ratio of the poorest to the richest is 1 to 86 in Iran, which is an unacceptable and unfair disparity.
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Publish Date:14/January/2018 | 14:02

Commission Approves Iran Budget Bill’s Outlines

EghtesadOnline: Majlis Joint Commission approved the outlines of the budget bill for the next fiscal year (March 2018-19) on Sunday and will weigh the details of the bill in the coming weeks, the spokesman of the commission said.
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Publish Date:14/January/2018 | 24:59

11% More Tax Revenues Expected in Iran's Next Year Budget

EghtesadOnline: The government is counting on earning 1,287 trillion rials (about $30 billion) in tax revenues in the next fiscal year (March 2018-19) as per the budget bill submitted to parliament back in December.
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Publish Date:14/January/2018 | 24:24

Slashed Budget Spells Steel Overcapacity

EghtesadOnline: Iranian steelmakers are bracing for a year of overcapacity, as the government’s new budget bill is set to slash the development budget, negatively affecting steel usage in the next fiscal year (March 2018-19).
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Publish Date:14/January/2018 | 11:38

Iran Budget Bill in Parliament on Sunday

EghtesadOnline: President Hassan Rouhani is scheduled to submit the budget bill for the upcoming fiscal year (March 2018-19) to the parliament on Sunday after the Cabinet approved it on Wednesday, the government spokesman and president of Planning and Budget Organization said.
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Publish Date:09/December/2017 | 08:52

Iran Gov’t to Submit Budget Bill on Dec. 5

EghtesadOnline: The government will submit the budget bill of the next fiscal year (starting March 21, 2018) to the parliament on December 5, the government spokesman and president of Planning and Budget Organization, Mohammad Baqer Nobakht, said on Tuesday.
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Publish Date:25/October/2017 | 15:07

Iran's 4 Biggest Budget Spenders

EghtesadOnline: The ministries of defense, health and education as well as the Civil Servants Pension Organization consume the lion’s share of the government’s budget, the head of Planning and Budget Organization of Iran said.
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Publish Date:03/October/2017 | 24:16

Iran Budget Deficit Estimated at $9.6b

EghtesadOnline: Head of Planning and Budget Organization Mohammad Baqer Nobakht expects the government to run up a 370-trillion-rial ($9.6 billion) budget deficit in the current fiscal year (March 2017-18).
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Publish Date:26/August/2017 | 07:33

Iranian Budget Scrutinized

EghtesadOnline: Government tax revenues grew by 28.4% during the first 10 months of the previous Iranian year (started March 20, 2016) to reach 746.9 trillion rials.
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Publish Date:06/May/2017 | 08:54

Budget’s Oil Dependence Declines to 30%

EghtesadOnline: The taxation policy of the Ministry of Economic Affairs and Finance has proven to be effective in reducing the dependency of Iran’s budget on oil revenues from 70% during the previous administration to less than 30%, Dolat.ir reported.
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Publish Date:26/April/2017 | 09:02

Parliament Slashes Budget

EghtesadOnline: The parliament reduced the budget for the new Iranian year that starts on March 21 by 2.5 trillion rials ($67.6 million) as per the changes made by the Guardians Council—a state body charged with reviewing the bills passed by the parliament to ensure their compliance with Islamic and constitutional precepts, IRNA reported.
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Publish Date:15/March/2017 | 13:29

$30b Tax Income Next Year

EghtesadOnline: The budget law of the upcoming fiscal year (March 2017-18) has projected 1,150 trillion rials ($30.59 billion) in tax and customs revenues.
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Publish Date:13/March/2017 | 24:37

Cultural Budget Increases

EghtesadOnline: The share of cultural projects in the new budget (March 2017-18) has increased from 2.42% to 2.48%, said the government spokesman, Mohammad Baqer Nobakht.
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Publish Date:09/March/2017 | 16:59

$52b Earmarked to Attract Expats

EghtesadOnline: Iranian lawmakers have added a new article to the budget for the upcoming fiscal year (March 2017-18) to attract US-based Iranian expatiates and their investments.
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Publish Date:01/March/2017 | 13:40