13 December 2017 - 14:57

Iran Public Budget Dependence on Oil Revenues to Decrease

Head of the Economic Commission of Iran's Parliament said one of the strong points of budget draft is less share of oil revenues in Iran's economy.
News ID : 78967
دلار

Mohammad Reza Pourebrahimi, Head of the Economic Commission of Parliament, stated that according to the Sixth Development Plan's law the share of oil decreases in public budget gradually each year and it leads to low effect of oil revenues in public budget.



Since it is the first year of implementing this plan, he said the share of the National Development Fund from oil revenues will be 32% for the first time, meaning a third of oil revenues will be allocated to the National Development Fund, resulting in developing economic activities and financing private sectors' projects.



The official added one of the aims of the 24-point general policies of Iran's Resistance Economy is decreasing oil revenues in public budget, saying the move for fading the role of oil revenues in Iran's economy has been started and in the next year it will be realized by increasing the share of the National Development Fund.



furthermore, Pourebrahimi expressed that the share of tax in public budget will grow, making the remarks that they are considered as strong points of the next year's budget draft, which are matched with Resistance Economy's policies.



Regarding the increase of tax revenues' share in the next year, Head of the Economic Commission of Iran's Parliament said in the first four months of the current year by employing new rules and regulations we could detect 5 thousand billion tomans tax evasion and received tax from those who hadn't paid even one rial before that.



Pourebrahimi expressed the hope that tax revenue for the next year will be 100 thousand billion tomans approximately, saying the growth of tax share in public budget means management of Iran's economy's financial inflow and share of GDP, not levying the taxes on trade activists, enterprises and government employees who are in stagnant state.








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