• time : 9:49:16
  • Date : Sun Feb 09, 2020
  • news code : 190031
50 percent increase in foreign investment in 10 months
(SHADA: TEHRAN) -- At a meeting of the Government and Private Sector Dialogue Council held in Hamedan, Farhad Dejpasand explained the status of some of the country's economic indicators and said: Despite limitations imposed by the enemy, the amount of exported goods declined 3 percent in value, but increased by 20 percent in weight in the first ten months of this year, with the private sector playing a significant role.

Under the sanctions, the private sector is at the forefront of the fight against the enemy's economic terrorism, because the private sector can be helpful when the enemy is trying to block the economic flow of the country through cruel acts, he said.

In spite of the enemy's restrictions on the country in the current situation, the volume of foreign investment approved by mid-Bahman 1398 amounted to $4.5 billion, reflecting a 50% increase in foreign investment attracted over the same period of the year.

As to the organizations' assets, the Minister of Economy said: Our inherent duty is to pursue, with our legal powers, the production of government assets seriously, and if the provinces have a coherent and consistent plan for the liquidity of the sale of government assets, that liquidity can be returned to the province up to 80 percent.

He further said that provincial private banks should try to invest the resources of each province's deposits in the same province, adding: Deferred customer debt should be repaid to banks in order for banks to have more turnovers.

Regarding the evolution of the tax system, Dejpasand said: Taxes need to be looked at from a different angle, and new bases must be defined to collect it. In the first ten months of this year, 48 percent of government spending came from tax resources.

Some tax exemptions have been effective for some time, but now with the changes in circumstances and the assessments, these exemptions may not be necessary, he said, noting that tax breaks should be regulated as well.

Given the introduction of new tax bases, we need to reach a stage where we achieve the desired tax revenue without putting pressure on taxpayers and where we no longer need oil revenue, Dejpasand added.

In the end, the Minister of Economy stated that the active connection of the public sector with the private sector should be on the agenda of provinces.

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